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Crypto

JPYC yen stablecoin marks 1 year, cumulative issuance tops 12 billion yen

The yen-pegged stablecoin JPYC has topped 12 billion yen in cumulative issuance and about 3 billion yen in circulation a year after launch, CoinPost reported. JPYC Co Ltd issues the digital asset across four blockchains, and more than 150 merchants have adopted it as a payment method. The company is expanding partnerships and use cases, while its CEO says boosting circulation is needed to reach profitability.

Crypto

Japan\'s KDDI to take 14.9% stake in Coincheck Group for $65 million

Japan\'s telecommunications company KDDI will invest $65 million to acquire a 14.9% stake in Coincheck Group. CoinDesk reported that KDDI agreed to buy 28.5 million newly issued shares at $2.28 each, with the deal expected to close in June. The companies also signed a business partnership involving customer referrals, revenue sharing and referral fees, aiming to broaden crypto access in Japan by combining KDDI channels with Coincheck services.