DeFi· ★★★· neutral·

Japan Open Chain Launches EJPY Stablecoin Pilot With 26 Companies

  • —26 companies have joined the program, with 16 disclosed publicly
  • —The pilot runs about six months, from September 2026 to February 2027
  • —It centers on EJPY, a trust-type yen stablecoin slated for issuance in May 2026
  • —Japan's existing yen stablecoins JPYSC and JPYC have reached about 31 billion yen in combined issuance
Why it matters: The initiative builds yen stablecoin infrastructure for payments and RWA settlement, challenging the dominance of USD-pegged stablecoins.
Source: CoinDesk Japan
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