Regulation· ★★★· bearish·

Japan's top yen stablecoin JPYC misses first-year target

  • —JPYC issued about 10 billion yen in its first year
  • —Turnover reached only a quarter of the planned level
  • —A 1 million yen per-transaction cap is slowing corporate adoption
Why it matters: The transaction cap could delay the growth of yen stablecoins in Japan and affect rivals' rollout plans.
Source: CoinDesk
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