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💴 Japan unveils yen-pegged stablecoin billed as Asia’s only global fiat token

2025-10-27
Japan introduces a new yen-pegged stablecoin positioned as Asia’s only truly global fiat-backed token. The JPY-linked asset is presented for use across jurisdictions and public blockchains, providing a price-stable unit that mirrors the yen on-chain. Stablecoins commonly function as trading base pairs, remittance rails, and settlement instruments in crypto markets, and a yen-denominated token could broaden currency options for exchanges, market makers, and users who trade crypto against fiat value. The claim of global reach signals an ambition to move beyond domestic pilots and into cross-border circulation.
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