Japan Launches First Yen-Pegged Stablecoin, JPYC

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Written by Aaron S.,

Editor-In-Chief

Last Updated: October 27, 2025

Key Takeaways

JPYC has released Japan’s first yen-pegged stablecoin, backed by bank deposits and government bonds, at a 1:1 exchange rate;
The JPYC EX platform enables users to securely acquire or redeem the token through verified bank transfers and wallet addresses;
The stablecoin launch, seen as a major step by JPYC’s president, has already attracted interest from seven companies.

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Japan Launches First Yen-Pegged Stablecoin, JPYC

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A financial technology company based in Tokyo, JPYC, has introduced a new digital token that is tied to the Japanese yen.

The digital token, also known as JPYC, became available on October 24, according to the company's announcement.

It is backed equally by Japanese yen held in bank accounts and by government-issued bonds. The company confirmed that one JPYC token can be exchanged for one Japanese yen at any time.

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Alongside the token, JPYC launched a platform named JPYC EX. This service allows users to obtain or return the stablecoin through a regulated process.

The platform follows strict identification and transaction checks under Japan’s legal framework to prevent money laundering.

To get JPYC, users must transfer yen to a designated account. Once received, the equivalent amount in stablecoin is sent to their digital wallet. If users want to convert the token back into yen, they can request a refund to a pre-approved bank account.

At a press event in Tokyo, JPYC’s president, Noriyoshi Okabe, described the launch as an important step forward for Japan’s currency system.

According to Business Insider Japan, seven companies have already shown interest in using the coin for their own services.

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