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

Oct 28, 2025 | News On Japan

TOKYO - 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

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