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Japan's yen stablecoin JPYC struggles with circulation despite ¥10B issuance in first year

Protocol Fundamentals
27 Oct 2026, 14:41 WIB
Crypto Briefing
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Bearish
Japan's yen stablecoin JPYC struggles with circulation despite ¥10B issuance in first year

JPYC, Japan's first regulated yen-backed stablecoin, marked its first year with ¥10 billion in cumulative issuance but has not met circulation targets, according to CEO Noritaka Okabe. The token's circulation remains low, partly due to a ¥1 million transaction cap limiting corporate use. Despite this, JPYC has secured partnerships with firms like AZ-COM Maruwa and signed an MoU with SBJ Bank and LINE NEXT to improve integration and usage. The CEO aims for tenfold growth in the second year, focusing on expanding corporate payments and retail acceptance.

JPYC stablecoin's first year saw ¥10 billion in cumulative issuance but circulation remains limited due to transaction caps. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 27, 2026 18:21 WIB: out of 50 major cryptocurrencies, 24 rose and 25 fell. Notable movers include DOT at Rp17.875 with 27% Sell / 73% Buy order activity, CRV at Rp6.088 with 28% Sell / 72% Buy, and EGLD at Rp58.742 with 2% Sell / 98% Buy activity.

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