Japan to greenlight first yen-based stablecoin

Cryptocurrencies

Fintech firm JPYC aims to issue roughly $7bn of the new cryptocurrency over 3 years

Japan’s Financial Services Agency will allow JPYC to issued a cryptocurrency fully backed by the yen. (Nikkei photo composite)

TAKANOBU AIMATSU and RYUTA MINAMIHATA

August 18, 2025 00:30 JST

TOKYO — The Financial Services Agency will approve the issuance of Japan’s first yen-denominated stablecoin as early as autumn, with the aim of using it for international remittances and more, Nikkei has learned.