Japanese stablecoin issuer JPYC obtains license and may launch yen stablecoin in October

According to Ledger Insights, Japanese stablecoin issuer JPYC has received Japan's first "Money Transfer Service Provider" license today, marking the first such license granted to a digital currency issuer. Nikkei previously reported that JPYC is expected to receive approval this month and could launch a compliant yen stablecoin in October.