According to NADA NEWS, on the first anniversary of the launch of the Japanese yen stablecoin JPYC, JPYC CEO Noritaka Okabe admitted that although the project has established partnerships with large companies such as Sony Bank and LINE NEXT, and the cumulative issuance has exceeded 10 billion yen, the current actual circulating supply is only about 3 billion yen, only a quarter of the internal target. He pointed out that current Japanese regulations stipulate that the amount of a single issuance and redemption cannot exceed 1 million yen, which is one of the main obstacles to large-scale corporate adoption. In addition, after JPYC was listed on Upbit in South Korea in September, its price rose abnormally to 2 to 3 yen due to a surge in trading demand. Okabe said he hopes that regulators will relax the relevant restrictions and plans to increase the circulating supply of JPYC by at least ten times in the second year. https://www.(wublock123.com)/news/jpyc-stablecoin-one-year-growth-only-quarter-of-goal-70765