The world’s third-largest economy entered the stablecoin race with the world’s first yen-pegged stablecoin. [NEWS]
JPYC is now active on Avalanche, Ethereum, and Polygon. But with 10-year JGB yields at just 1.65%, JPYC’s thin-margin seigniorage model faces heightened stability risk, making yen-backed stablecoins structurally weaker than dollar-backed one…
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