#Japan #Tokyo #JPYC #IPS #InfiniVAN

Building a Digital Remittance Infrastructure with Stablecoins

In a major move set to revolutionize digital remittances in the Philippines, JPYC Co., Ltd., in collaboration with IPS Co., Ltd. and its subsidiary InfiniVAN, Inc., has signed a memorandum of understanding (MOU) to establish a robust infrastructure for stablecoin transactions. The MOU, signed on October 16, aims to jointly develop a system for the issuance and circulation of a stablecoin pegged to the Philippine peso and facilitate the distribution of the Japanese yen-based stablecoin, JPYC, in the Philippines.

Stablecoins are designed to maintain a 1:1 value with fiat currencies like the yen or US dollar, enabling safer, low-cost digital transactions. The rapid growth of USD-pegged stablecoins globally emphasizes the significance of this initiative, as the MOU seeks to create a secure payment framework that transcends borders. By addressing various forms of digital money, including fiat-pegged stablecoins, the partnership aims to establish a reliable system for seamless financial transactions.

The Context Behind the MOU

The vision of JPYC is rooted in a commitment to