Japan will approve the first stablecoin denominated in Japanese yen, JPYC According to a report by Jinkoku, Nikkei News revealed that the Japan Financial Services Agency will approve the country's first issuance of the Japanese yen denominated stablecoin JPYC this month. The Japan Financial Services Agency will register the fintech company JPYC Inc. as a remittance service company, and it is expected to start selling within a few weeks after registration. The digital currency will be supported by liquid assets such as government bonds to maintain its value stable at 1 JPY=1 Japanese yen.