Sony Bank and JPYC to test instant yen stablecoin buys from customer accounts
Sony Bank said it has signed a memorandum of understanding with stablecoin issuer JPYC Inc. to study whether the Japanese yen-pegged stablecoin JPYC can be connected more directly to the bank’s deposit rails.
The agreement comes as Japan formalizes stablecoin issuance under its revised Payment Services Act
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