Japan is set to launch a blockchain-based yen stablecoin, coinciding with the Bank of Japan’s anticipated interest rate hikes. JPYC is at the forefront of this stablecoin initiative, pegged to the yen at a 1:1 ratio.
Experts predict the BOJ may raise rates in October or December of 2025, boosting yen appeal. The strengthening yen and rising bond yields may enhance demand for yen-pegged assets.
The BTC/JPY value has dropped 8% this month, reflecting a bearish outlook. With rising interest rates, the cryptocurrency market may face further pressure, indicating potential downside for Bitcoin priced in yen.
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