The Japan Blockchain Foundation announced its plan to issue EJPY, a Japanese yen-pegged stablecoin, via the Japan Open Chain (JOC) and Ethereum networks. According to The Block, EJPY is a trust-type yen stablecoin where the foundation acts as the settlor. It is reported that discussions are currently underway with potential stablecoin trustees. The foundation stated, "Through the issuance and distribution of EJPY, we expect to expand actual demand-based transactions on JOC, including B2B payments, cryptocurrency payments and remittances, and various Web3 service payments."
