Post #1042

🇯🇵JPYC has launched the first stablecoin pegged to the Japanese yen ⚡️ The token is currently running on three networks: Ethereum, Avalanche, and Polygon. The issuance is conducted under new FSA regulations; the stablecoin can be exchanged 1 to 1 for cash yen. ➡️Dollar-pegged stablecoins hold 99% of the market — with its moves, JPYC is trying to capture part of the dominance in the region. Fees are zero at launch, and the company aims to print up to 10 trillion yen ($66 billion) over 3 years. However, most Japanese citizens still prefer cash and credit cards, so there may not be a mass hype domestically; but the stablecoin opens new opportunities for cross-border payments 👀 🐱🐱🐱🐱🐱🐱🐱🐱 👉🏻SUBSCRIBE!