The stablecoin, which will be called JPYC, will be fully convertible to the yen and backed by Japanese government bonds, CEO Noritaka Okabe says.

Japanese startup JPYC is set to issue the first yen-pegged stablecoin later this year. The move follows the company's recent acquisition of a necessary license.

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China's Pop Mart, which has taken the world by storm with its smash hit, the ugly-cute Labubu doll, reported a 204.4% jump in ...