[Japanese Blockchain Foundation to Issue Yen Stablecoin EJPY for B2B Settlements] According to The Block, the Japanese Blockchain Foundation has announced plans to issue a yen-pegged stablecoin, EJPY, on the enterprise consortium blockchain Japan Open Chain and Ethereum. EJPY will adopt a trust-based structure, with the foundation acting as the settlor and currently in discussions with potential trustees. The stablecoin will be used for B2B settlements, digital asset settlements, remittances, and Web3 service payments, with future plans to explore multi-chain compatibility. Japan Open Chain is operated by 14 validators, including Dentsu and NTT Communications. Trust-based stablecoins are not subject to the 1 million yen per transaction remittance cap. The issuance timeline has not yet been determined, but the foundation aims to launch within the year. Previously, SBI Holdings introduced the trust-based stablecoin JPYSC, and the three major banks are also advancing stablecoin and tokenized deposit pilots.