News linked to both this project and an event.
According to the official announcement, Huobi HTX will open JPYC/USDT spot trading and grid trading at 21:00 (UTC+8) on September 28. JPYC deposits will open at 15:00 on September 28, and withdrawals will open at 21:00 on September 29. JPYC is a Japanese yen stablecoin issued by JPYC Inc., regulated under Japan's Payment Services Act, and classified as an electronic payment instrument. It is pegged 1:1 to the Japanese yen, with reserves held in bank deposits and Japanese government bonds. Users can mint or redeem JPYC through the JPYC EX platform after completing KYC, or use it for payments, transfers, DeFi, and other scenarios on blockchains such as Ethereum and Polygon. Its design aims to provide a compliant and transparent digital yen solution.
Odaily News: Japan's first licensed yen stablecoin, JPYC, was listed on South Korean cryptocurrency exchange Upbit on September 17. The JPYC/KRW opening reference price was 8.81 Korean won, and it subsequently rose to 35.7 Korean won, reaching a high of approximately 37 Korean won, equivalent to over 3 yen.JPYC minted 1.687 billion yen on that day, and its circulating supply grew from approximately 1.9 billion yen to over 4.2 billion yen within about 48 hours. After the new supply entered the market, JPYC's price gradually returned to its 1:1 yen peg. (Bitcoin.com News)
Odaily News: Japanese yen stablecoin issuer JPYC has issued a glitch notice, announcing an emergency suspension of the JPYC issuance reservation service on the Ethereum network. The official statement said that the feature is currently suspended, and the technical team is urgently investigating and troubleshooting the specific cause of the glitch. JPYC has apologized to affected users and promised to release follow-up announcements through official channels as soon as the details are confirmed.
According to the official announcement, Upbit will list PYUSD and JPYC against KRW, BTC, and USDT.
: Japanese yen stablecoin operator JPYC Inc. has announced an extension of its Series B funding round, bringing total funding to approximately 6 billion yen, or roughly $38 million. The latest investment includes approximately 1 billion yen (about $6.3 million) from Tokyo-listed logistics company AZ-COM Maruwa Holdings. Core business: operating JPYC, a stablecoin pegged 1:1 to the Japanese yen. JPYC launched the stablecoin in October 2025 and became the first digital currency to be registered as an official electronic payment instrument under Japan's revised Payment Services Act. Each JPYC is backed by yen bank deposits and Japanese government bonds, and holders can redeem them for regular yen on demand. AZ-COM Maruwa Holdings plans to use JPYC to pay approximately 2,300 business partners and independent contractors for transportation work and outsourced services, primarily covering truck drivers and subcontractors. The company is also developing a dedicated wallet application and plans to link payments with delivery confirmation records, potentially executed through GPS tracking or smart contracts.
: Japanese convenience store operator Lawson plans to test yen-pegged stablecoin payments in August at its Lawson Takanawa Gateway City store in Tokyo. HashPort has signed agreements with Lawson and KDDI to conduct the pilot, where participants will use HashPort's non-custodial wallet. The store will process payments through the HashPort payment system, eliminating the need for merchants to open or manage crypto wallets. Japanese payment company Netstars has launched Stablecoin Pay, opening applications to merchants looking to accept multiple stablecoins. The service initially supports USDC, USDT, and the yen-pegged stablecoin JPYC on the Solana and Polygon networks. Supported wallets include MetaMask, and the merchant transaction fee rate is 0.98%. (Cointelegraph).
on July 10, 2026, Metaplanet announced a joint research initiative with JPYC, Progmat, and Metaplanet Securities to explore Bitcoin-backed digital credit products. The plan involves using Bitcoin as collateral for tokenization tools, including settlements via a yen-pegged stablecoin and digital corporate bonds managed by security tokens. As of the end of the second quarter of 2026, Metaplanet held approximately 43,000 BTC, valued at $2.75 billion based on Saturday's BTC exchange rate. Metaplanet stated that the research has not yet yielded a product, and no issuance date, interest rate, product structure, or sales method has been determined. Its 43,000 BTC holdings have not been staked to any specific product at this stage. (Bitcoin.com News).
Metaplanet, JPYC, and Progmat have initiated a joint research study on Bitcoin-backed digital credit products that support round-the-clock trading and daily interest accrual. (Solid Intel)
Japan's three largest banks have announced plans to jointly issue a stablecoin within the current fiscal year ending March 2027. The banking arms of Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group will establish a committee to review the operational framework and prepare for the issuance.The Japanese Financial Services Agency has been supporting the experimental phase of this project as part of Japan's efforts to leverage blockchain technology to enhance its payment systems. Previously, Japanese startup JPYC began issuing a yen-pegged stablecoin in October last year, and this month, a ruling party panel also proposed promoting the use of yen stablecoins for settlements in Asia. (Reuters)
According to CoinPost, Japanese stablecoin issuer JPYC announced the completion of its Series B funding round, raising approximately $32 million. New investors include four institutions, such as Life Design Fund. Since its launch in October 2025, JPYC’s business has grown significantly—reaching 18,000 user accounts and over $220 million in total transaction volume within seven months. JPYC is now supported on four blockchains and has been officially adopted by LINE’s Web3 wallet “Unifi.” The company plans to use the funds to accelerate system development and advance real-world applications of JPYC in AI-powered automated payments and cross-border financial infrastructure.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.