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Japan's First Yen-Pegged Stablecoin Launched With Transfer Fees Under 1 Yen

TOKYO, Oct 28 (News On Japan) - Japan’s first yen-denominated stablecoin has officially been launched. Fintech startup JPYC began issuing the stablecoin on October 27th, marking a significant step toward expanding digital payment options in the country.

The stablecoin is designed to maintain a one-to-one peg with the yen, allowing users to exchange it directly for the same value in legal tender.

Stablecoins, which are digital assets linked to fiat currencies, enable faster and lower-cost transactions compared to conventional bank transfers. JPYC’s yen-pegged coin is expected to reduce transfer fees to less than 1 yen per transaction, offering a practical and affordable tool for both domestic and cross-border payments.

The company aims to issue a total of 10 trillion yen worth of stablecoins over the next three years, signaling its ambition to promote the widespread adoption of blockchain-based financial services in Japan.

Source: テレ東BIZ

Japan Names 40C-Plus Days

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Father Admits Killing and Body Abandonment in Kyoto

Police investigating the death of an 11-year-old boy whose body was found in a forest in Kyoto Prefecture believe his father moved the remains between several locations over a number of days in an apparent attempt to conceal the crime.

Strong Typhoon Raises High Surf Risk for Pacific Areas of Japan This Weekend

A large and powerful Typhoon No. 4, internationally named Sinlaku, was located near the Mariana Islands and moving north-northeast as of the latest update. The storm is expected to gradually shift its course eastward and pass southeast of the Ogasawara Islands around April 18, before making its closest approach around April 19.

Japan to Release 50 Million Stockpiled Medical Gloves

Japan will release around 50 million stockpiled medical gloves from next month as concerns grow over shortages of medical supplies linked to tensions in the Middle East, Prime Minister Sanae Takaichi said.

Tateyama Kurobe Alpine Route Fully Reopens

The Tateyama Kurobe Alpine Route connecting Toyama and Nagano fully reopened on April 15th, marking the start of the spring tourism season along one of Japan’s most celebrated mountain routes.

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