Gate News message: As of April 9, Japan-compliant stablecoin JPYC has reached a total trading volume of $137 million since the end of October last year. Of this, Polygon leads with $90.4 million, accounting for 66%, Avalanche has a trading volume of $26.4 million, and Ethereum has $19.7 million. In addition, Polygon’s founder confirmed that Japanese physical retail stores have supported offline payments for JPYC on the Polygon network.

Gate News message: On April 7, according to Alex data, Japan’s stablecoin JPYC has reached a total trading volume of $136 million, of which $90 million was processed through the Polygon network, accounting for more than 60%. JPYC’s use cases on Polygon are broad, and it is mainly used for payment services on platforms such as Tria, Daimo, and CurrencyCompetition.

Metaplanet announced the establishment of two subsidiaries on March 12, namely Metaplanet Ventures and Metaplanet Asset Management. The former will invest 4 billion yen to support the Japanese Bitcoin ecosystem, launching an incubator and funding programs; the latter is positioned as a digital credit and Bitcoin capital market platform, aiming to connect Asian and Western capital markets. The first investment is a maximum of 400 million yen in JPYC.

JPYC signs a strategic cooperation agreement with Sony Bank to utilize the Japanese Yen stablecoin JPYC for services. The two parties will explore providing real-time account transfer functions on the "JPYC EX" platform and plan to collaborate with entertainment sectors such as music and gaming to enhance the payment experience and fan interaction.

BlockBeats News, March 2 — Japanese Yen stablecoin issuer JPYC has signed a strategic cooperation memorandum with Sony Bank and its Web3 subsidiary BlockBloom. The two parties plan to offer real-time bank account transfer functionality on the "JPYC EX" platform, allowing users to purchase JPYC directly from their Sony Bank accounts without manual remittance. Additionally, they will explore collaborations with entertainment IPs such as music and gaming to apply JPYC to digital content purchases and fan rewards.

Japanese Yen stablecoin issuer JPYC completes approximately $12 million in Series B funding led by Asteria Corporation. JPYC plans to apply its services in Japanese convenience store payments and cross-border remittances, and participate in Circle's stablecoin foreign exchange quoting system StableFX.

Odaily News Polygon's Global Head of Payments and RWA Aishwary Gupta believes that global stablecoins are entering a "Supercycle," with the number of stablecoin issuers potentially exceeding 100,000 in the next five years. Gupta pointed out that Japan is participating in government bonds and policy stimulus pilots through stablecoins like JPYC, demonstrating that stablecoins can become tools of national economic sovereignty rather than undermining Central Bank power. He stated that stablecoins, like fiat, are affected by monetary policy and essentially enhance the global demand for a country's currency, similar to how stablecoins drive the use of the US dollar. Gupta also warned that stablecoin yields are attracting low-interest deposits (CASA) in the banking system to flow on-chain, weakening banks' ability to create credit and maintain low-cost capital. To respond to competition, he expects banks to issue "deposit tokens" on a large scale to retain funds within their own assets.

Golden Finance reports that InsureDAO developer PAO TECH Labs will assist the Japanese yen stablecoin JPYC in opening a lending market, building an operational treasury (yield strategy), and improving the fixed interest rate market (interest rate swaps, etc.), while providing liquidity support for the aforementioned products.

JPYC is Japan's first officially licensed Japanese Yen stablecoin issuer, planning to invest 80% of its issuance revenue into government bonds to fill the gap caused by the Bank of Japan slowing down bond purchases. Currently, the issuance volume is approximately $930,000, with a target of reaching $66 billion in the next three years.