🇯🇵 The first stablecoin secured by yen was launched in Japan.
Fintech company JPYC Inc. has officially launched the country’s first legally recognized stablecoin #JPYC, fully secured by reserves in yen and government bonds.
The token is already available in Ethereum, Avalanche and Polygon networks.
The goal of the developers is 10,000,000,000,000 yen in circulation ($65b) in 3 years. For comparison: the turnover of #USDT is now about $183,000,000,000.
@Сryptoz
Post #39858
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