Japan Launches World’s First Yen-Pegged Stablecoin

In a major milestone for global digital finance, Japan has officially launched the world’s first yen-pegged stablecoin, named JPYC, on October 27, 2025. The debut marks a key turning point in the country’s evolving financial ecosystem, which has traditionally leaned heavily on cash and credit cards. Issued by Tokyo-based startup JPYC Inc., the digital token is fully backed by Japanese yen and government bonds (JGBs), and offers zero transaction fees during its initial rollout phase.

What Is JPYC?

• JPYC is a blockchain-based stablecoin, meaning it is a digital token designed to maintain a 1:1 value with the Japanese yen.
• The coin is backed by domestic savings and Japanese government securities, giving it stability and credibility in line with national financial policies.
• JPYC Inc. plans to issue up to 10 trillion yen ($66 billion) worth of the digital asset over the next three years.
• The company aims for widespread overseas usage, envisioning JPYC as a low-cost, fast, and secure means of digital payment, especially for startups and international businesses.