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Japan Post Bank plans to launch a digital yen on the blockchain by the end of 2026. The new currency, “DCJPY,” will be backed 1:1 by Fiat Yen and managed by Decurret DCP. Users can convert funds to DCJPY for blockchain transactions. Stablecoins differ from DCJPY, which is a deposit-based token within the Japan Post Bank system. The bank follows GMO Aozora Net Bank in offering a digital Yen. Asia sees a legislative push for stablecoins, with Japan introducing its stablecoin legislation in 2022.
Japan Post Bank to give digital yen access to deposits of 1.3 t $
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