Japan Blockchain Foundation Plans to Launch Yen-Pegged Stablecoin EJPY on Ethereum on May 13

According to BlockBeats, on May 13, the Japan Blockchain Foundation announced plans to launch EJPY, a yen-pegged stablecoin, on Ethereum. The foundation will serve as the settlement entity backing the token. The project aims to support programmable payments, digital settlement, and tokenized finance applications as part of Japan's broader effort to modernize its financial infrastructure using public blockchain networks rather than closed, permissioned systems.
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