Japan’s top yen stablecoin falls short of its target in a disappointing first year
CEO Noritaka Okabe blamed a 1 million yen per-transaction cap for Type II funds transfer providers, which has slowed corporate adoption.
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Resumen
- JPYC reached only about a quarter of its circulation target in its first year, with 3.2 billion yen outstanding against 12.1 billion yen issued.
- CEO Noritaka Okabe blamed a 1 million yen per-transaction cap for Type II funds transfer providers, which has slowed corporate adoption.
- The weak figures contrast with partnerships including AZ-COM Maruwa, SBJ Bank and LINE NEXT, as Okabe targets tenfold growth in year two.
