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Japan Blockchain Foundation Plans to Launch Yen-Pegged Stablecoin EJPY on Ethereum on May 13

GateNews

Project Progress ethereum news

2026-05-13 15:34:08

According to BlockBeats, on May 13, the Japan Blockchain Foundation announced plans to launch EJPY, a yen-pegged stablecoin, on Ethereum. The foundation will serve as the settlement entity backing the token. The project aims to support programmable payments, digital settlement, and tokenized finance applications as part of Japan’s broader effort to modernize its financial infrastructure using public blockchain networks rather than closed, permissioned systems.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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