On-Chain Stablecoin Shift: Japan Goes Live with JPYC



Japan’s FSA is about to register JPYC Inc. as a licensed fund transfer service provider, officially recognizing the first fiat-backed yen stablecoin in the country.

Here’s what the data is signaling:
Global Context
🔹 Stablecoin market > $250B, dominated by USDT & USDC
🔹 Yen stablecoins = tiny share (~$15.8M supply), but regulatory approval = game-changer

Liquidity Flows
🔹 ERC20 stablecoin supply back above $130.9B (per CryptoQuant)
🔹 Historically, inflows into stables = precursor to rallies in crypto + tokenized RWAs

Growth Ambition
🔹 JPYC roadmap: from $100M issuance → $10B+ potential
🔹 Could position yen as a new liquidity source across Asia

⚠️ Challenges: taxation, bank/exchange integration, cross-border rails.
✅ Signal: Japan is anchoring the yen in digital finance, adding another liquidity leg to global on-chain flows.

Keep JPYC on your radar. Liquidity shifts start small, then accelerate.
IN1.15%
USDC0.01%
CROSS-0.45%
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