Japan
NADA News
JPYC President Okabe: "Frankly, it hasn't grown" — One Year After Launch, He Discusses the Miscalculation
- JPYC, Japan's first yen-pegged stablecoin, reached its one-year anniversary of issuance on October 27.
- President Okabe candidly admitted that circulation and usage have not grown as much as expected, calling it a miscalculation.
- Despite slower-than-hoped growth, use cases expanded over the year, including enabling JPYC payments via POS registers at convenience store chain Lawson.