Japan Blockchain Foundation announced Wednesday that it will issue a Japanese yen-pegged stablecoin, EJPY, on Japan Open Chain (JOC) and Ethereum.
EJPY is designed as a trust-type yen stablecoin, with the foundation acting as the settlor. The foundation said it is currently engaging in discussions with potential trustees for the stablecoin.
"The issuance and circulation of EJPY are expected to…