FILE PHOTO: Noritaka Okabe, head of Japanese startup JPYC, poses for a picture during a news conference about the launch of its stable coin pegged to the yen, first in the world, in Tokyo, Japan, October 27, 2025. REUTERS/Leika Kihara/File Photo
TOKYO (Reuters) -Stablecoin issuers could become major buyers of Japanese government bonds in several years and influence the central bank's control over monetary policy, the head of Japan's first domestic issuer of yen-pegged stablecoins told Reuters.
Japanese startup JPYC began issuing stablecoins pegged to the yen - also called JPYC - on October 27 in a significant move in a country where many consumers still prefer traditional payment methods such as cash and credit cards.
