First-Year Performance Falls Short of Expectations: Japan's Yen Stablecoin Constrained by 1 Million Yen Per-Transaction Cap
- Japan's yen stablecoin has not met performance expectations in its first year since launch.
- A regulatory limit caps each individual transaction at 1 million yen, constraining practical use for larger-value transfers.
- The transaction cap is seen as a significant structural barrier limiting broader adoption and growth of the yen stablecoin.