THE BLOCK: JPYC Inc. CEO Noritaka Okabe said demand for the JPYC stablecoin will rise as more banks face service disruptions. Okabe's comment comes shortly after Japan's GMO Aozora Net Bank halted certain banking API services after detecting unauthorized communications. Its parent company, GMO Internet Group, suffered a major cybersecurity incident last month involving extortion demands following unauthorized server access. JPYC is a regulated Japanese yen-pegged stablecoin, and the company was registered with local authorities as a Funds Transfer Service Provider in October 2025.