Milestones

JPYC Inc., the issuer of the JPYC stablecoin, was founded in Japan.

GMO-Z.com Trust Company, Inc., issuer of the GYEN stablecoin, was established as a limited purpose trust company in New York.

The JPYC stablecoin service began, operating under Japan's Prepaid Payment Instrument classification.

The revised Payment Services Act, which established a comprehensive legal framework for stablecoins in Japan, went into effect.

Nomura Holdings, Laser Digital, and GMO Internet Group announced a collaboration to explore issuing JPY and USD stablecoins in Japan.