News On Japan

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

News On Japan
POPULAR NEWS

Prime Minister Takaiichi’s first face-to-face meeting with U.S. President Trump drew high praise from officials at the Prime Minister’s Office, who described the atmosphere as friendly and open. According to government sources, the two leaders addressed each other by their first names, “Sanae” and “Donald,” a gesture that one senior official called “120 points,” underscoring the success of the meeting.

Emperor Naruhito met with former U.S. President Donald Trump for the first time in six years at the Imperial Palace on October 27th. The two exchanged greetings in English, with the Emperor saying, "I’m pleased to see you again," as he welcomed Trump to the Imperial residence around 6:30 p.m.

An elderly woman was found dead in a roadside ditch in Akita City on October 27th, with police investigating the possibility that she was attacked by a bear. A local resident discovered the woman lying face down in a drainage channel around 11 a.m. and called emergency services.

The Nikkei Stock Average closed at 50,512 yen on October 27th, surpassing the 50,000 mark for the first time in history and setting a new all-time high. The benchmark index rose 1,212 yen from the previous trading day, driven by strong gains across sectors.

McDonald's Japan announced it will phase out the use of paper straws and introduce new lids that allow customers to drink directly from the cup without a straw starting on November 19th.

MEDIA CHANNELS
         

MORE Web3 NEWS

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.

Keio Electric Railway has unveiled a new commuter train developed with the help of artificial intelligence, presenting it to the media ahead of its commercial debut.

AI tools are increasingly finding their way into Japan’s classrooms, from language practice to career counseling. Among them is the “AI University Lecturer,” developed by DOU Inc., a system designed to supplement human instruction by providing tailored support to each student based on their academic data.

Google’s latest generative AI technology, unveiled at its Google Marketing Live event, is sending shockwaves through the advertising industry because much of the work marketers do today is now on track to be handled directly by AI in the near future, according to marketing strategist Kazuki Nishiguchi.

The crypto gambling industry in 2025 is more dynamic than ever, blending innovation, transparency, and high-value rewards.

A cosplayer dressed as a popular female character became the target of a malicious deepfake—his image was manipulated by generative AI to depict him in underwear. The victim, who is actually a man, said he was mistaken for a woman and found images of himself altered into R18 content circulating online.

Toyota unveiled a new autonomous driving system that connects AI-equipped vehicles with traffic infrastructure such as traffic lights, marking the first public demonstration of its development-stage technology.

Blending traditional design with modern functionality, Asian games vivid symbols like tigers, lanterns, and coins that create a culturally rich visual atmosphere.