[JPYC CEO: Increased Bank Service Outages in Japan Will Boost Demand for JPYC Stablecoin] According to The Block, JPYC Inc. CEO Noritaka Okabe stated that demand for the JPYC stablecoin will rise as more banks face service disruptions. Okabe's remarks came shortly after Japan's GMO Aozora Net Bank suspended some of its banking API services after detecting unauthorized communications. Its parent company, GMO Internet Group, experienced a major cybersecurity incident last month involving ransomware demands following unauthorized access to its servers. JPYC is a regulated yen-pegged stablecoin, and the company registered with Japanese authorities as a funds transfer service provider in October 2025.