Digital Yen Goes Live: JPYC EX Integrates Traditional Finance With DeFi
Japan has officially stepped into the regulated stablecoin era with the launch of JPYC EX, the country’s first fully licensed digital yen under the revised Payment Services Act. This milestone marks a pivotal moment for Japan’s financial sector, bridging traditional banking infrastructure with the Web3 ecosystem. Related Reading: Ethereum OG Drives $500M Liquidity Flow Into ConcreteXYZ & Stable Vaults – Details Building on earlier versions of JPYC, the new JPYC EX is designed to serve as a compliant, yen-backed stablecoin connecting the nation’s banking system to blockchain-based commerce,....
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Japan is inching towards the approval of its first yen-backed stablecoin, with regulators likely to approve it as soon as October. Related Reading: Crypto Clampdown: South Korea’s Jeju City Goes After Suspected Tax Evaders Nikkei reports that the token, named JPYC, will be issued by Tokyo fintech company JPYC and will be backed by the […]
There is an enormous shift in finance toward digital solutions over the last several years, and that trend has only kicked into overdrive since 2020. The need for frictionless, decentralized solutions to the aging traditional finance system has led to the emergence of cryptocurrencies and decentralized finance. Early DeFi projects laid the groundwork and provided “proof of concept” that the industry has potential and would replace traditional finance. Still, too many early tokens came in […]
Multi-chain options trading platform – Oddz Finance has now integrated with Polygon (formerly Matic Network) to make DeFi accessible to all users. The DeFi craze that started in the summer of 2020 has led to a significant jump in the number of DeFi protocols being developed on the Ethereum blockchain. As more and more users […]
Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will leave the traditional financial system behind and use dApps, tokens, and other digital innovations for economic purposes. However, DeFi is still in its infant stage, leaving room for scams, money laundering, and other criminal activities. Without secure solutions and educational services, DeFi could become more of a risky venture than an enriching opportunity for individuals and businesses. Here is where STACKD Finance steps in, to help develop DeFi into a safer, more....
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO. Nonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an investment firm and an incubator for decentralized finance platforms — told Cointelegraph China that synthetic assets, NFTs and digital securities are redefining the way capital markets operate. Lai especially believes that the value of synthetic assets could give each individual....