JPYC, a Tokyo-based fintech firm, has officially launched a Japanese Yen-backed stablecoin amid the rising global demand for the digital asset class. The JPYC stablecoin from the Japanese fintech is fully backed 1:1 by bank deposits and government bonds, maintaining parity with the Japanese yen. Yen-Backed JPYC Stablecoin Launches on Ethereum, Polygon The global stablecoin market, mostly dominated by USD-pegged stablecoins, has reached over $300 billion. As a result, other global markets are exploring po ...