{"id":42638,"date":"2025-08-18T05:16:44","date_gmt":"2025-08-18T05:16:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42638"},"modified":"2025-08-18T05:16:44","modified_gmt":"2025-08-18T05:16:44","slug":"circle-backed-companys-yen-stablecoin-nears-official-approval-in-japan-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42638","title":{"rendered":"Circle-Backed Company&#8217;s Yen Stablecoin Nears Official Approval In Japan: Report"},"content":{"rendered":"<div>\n<p>Japan\u2019s market regulator is on the verge of approving the nation\u2019s first yen-denominated stablecoin, according to a report dated Sunday.<\/p>\n<h2 class=\"wp-block-heading\">JPYC Stablecoin On The Horizon?<\/h2>\n<p><strong>The Financial Services Agency<\/strong> is preparing to authorize the issuance of <strong>JPYC<\/strong>, an <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>)-based cryptocurrency pegged to the value of yen, Nikkei <a href=\"https:\/\/asia.nikkei.com\/spotlight\/cryptocurrencies\/japan-to-greenlight-first-yen-based-stablecoin\">reported<\/a>. The move is designed to leverage the stablecoin for international remittances and beyond.<\/p>\n<p>The stablecoin\u2019s issuer, <strong>JPYC Inc., <\/strong>is expected to\u00a0register as a money transfer\u00a0business within the month, aiming to issue roughly $7 billion of the new cryptocurrency in the next three years.<\/p>\n<p>To ensure its value aligns with\u00a0the yen, it will &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/47176731\/circle-backed-companys-yen-stablecoin-nears-official-approval-in-japan-report\" alt=\"Circle-Backed\" company yen stablecoin nears official approval in japan: report>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s market regulator is on the verge of approving the nation\u2019s first yen-denominated stablecoin, according to a report dated Sunday. JPYC Stablecoin On The Horizon? The Financial Services Agency is preparing to authorize the issuance of JPYC, an Ethereum (CRYPTO: ETH)-based cryptocurrency pegged to the value of yen, Nikkei reported. The move is designed to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42638","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42638"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42638\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}