[JPYC Provides Information to Japan Fair Trade Commission on Yen Stablecoin Payment Discounts] BlockBeats News, October 9: Yen stablecoin issuer JPYC announced today that it had provided information to the Japan Fair Trade Commission on September 14, explaining the competitive environment of cashless payments under the adoption of stablecoin payments. Since its issuance in October 2021, JPYC has been used in over 150 stores. By completing value transfers directly via blockchain, JPYC does not charge merchants franchise fees, resulting in significantly lower costs compared to existing cashless payment methods. Some stores wish to pass on the cost savings to customers using JPYC by offering discounts, free shipping, and other benefits. However, they are concerned about violating clauses in credit card franchise agreements that prohibit surcharges, cash discounts, and inducing the use of alternative payment methods. JPYC believes that the choice of payment methods and pricing should be part of a store's independent business decisions, and passing on cost savings to customers benefits both consumers and competition. The Japan Fair Trade Commission's 2022 report also pointed out that outright prohibitions on such practices could, under certain circumstances, constitute antitrust issues. This perspective is equally applicable to stablecoin-related discounts. [Original Link]