RE: LeoThread 2025-08-25 12:19
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🇯🇵 This autumn, Japan's FSA is set to give the green light to the nation's first yen-backed stablecoin, JPYC.
With a 1:1 peg to the Japanese yen and supported by deposits and government bonds, it may redefine demand for Japanese government debt.
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Thats good, challenge the USD dominance in the stablecoin race
Totally, it's a step toward diversifying stablecoin options beyond USD. Could shake things up if it gains traction with Japanese debt markets.