Japan has officially entered a new era of digital finance. Fintech company JPYC Inc. has launched JPYC, the country’s first legally recognized yen-backed stablecoin, now live on Ethereum, Avalanche and Polygon. The release became effective on October 27, 2025, following the company’s registration as a money transfer service provider under the Payment Services Act. A Regulated Stablecoin Backed by Yen and Government Bonds JPYC is classified as an electronic payment instrument and is designed to maintain a 1:1 value with the Japanese yen. The stablecoin is supported by bank deposits and Japanese government bonds that exceed 100% of JPYC in circulation, ensuring strong collateral and transparency. The stablecoin offers: Instant transfers while maintaining yen-pegged value Low transaction costs and fast on-chain settlement Direct issuance and redemption through the JPYC EX platform Users can deposit yen to receive JPYC in their own wallet or send JPYC back for yen redemption. Access requires My Number Card / JPKI verification, supporting Japan’s compliance-based digital identity system. Growing Ecosystem and a ¥10 Trillion Target JPYC aims to issue ¥10 trillion (≈$65 billion) within three years. For context, USDT’s market cap exceeds $183 billion today, leaving significant room for the yen-based stablecoin market to grow. Multiple companies and services are already integrating JPYC, including Densan System Co., ASTERIA Warp, HashPort Wallet, Nudge Card, and tools for business automation, creator payments, and tax accounting. JPYC Inc. stated that it is working to build an open financial infrastructure that any business or developer can integrate without special agreements, aiming to expand usage in both Japanese and global markets.