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Paxos Labs has launched USDG0, an omnichain extension of its regulated USDG stablecoin, bringing fully backed dollar liquidity to Hyperliquid, Plume and Aptos through LayerZero’s OFT standard.According to an X post from Paxos Labs on Tuesday, USDG0 extends USDG (USDG), a 1:1 dollar-backed stablecoin…
Japanese fintech firm JPYC Inc. said it has launched the country's first legally recognized yen-denominated stablecoin, JPYC. Trading began on Monday, local time.JPYC Inc. said in a press release that it starts issuing the JPYC token on Monday alongside launching its dedicated issuance and redemptio…
South Korea’s Financial Services Commission (FSC) is all set to unveil a new bill in October aimed at regulating won-denominated stablecoins, Money Today reported. The bill is part of the second phase of the Virtual Asset User Protection Act, and will set rules for issuance, collateral management, a…
Japan is poised to take a decisive step in digital finance. According to recent reporting, the Financial Services Agency (FSA) could approve the country’s first yen-pegged stablecoin as early as fall 2025, reflecting Japan’s strategy to modernize payments while maintaining strict regulatory oversigh…