# JPYC Yen-Backed Stablecoin On Ethereum

> JPYC Inc. launched JPYC, Japan’s first regulated stablecoin pegged to the yen, now live on Ethereum and Polygon.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2025-10-28
**Categories:** news, 2025, october2025
**URL:** https://ethdaily.io/811

## Content

Gm frENS. This is the last week in October, make it count!Quick TakeJPYC yen-backed stablecoin.Abstract enables 200ms block times.ETHZilla sells $40m ETH.SOON for fast propagation.JPYC Yen-Backed Stablecoin On EthereumListen to this episode from ETH Daily - Ethereum News on Spotify. JPYC yen-backed stablecoin goes live on Ethereum. Abstract enables 200ms block times. And ETHZilla sells $40 million worth of ETH. Read more: https://ethdaily.io/811 Disclaimer: Content is for informational purposes only, not endorsement or investment advice.https://spotify.comJPYC Yen-Backed Stablecoin On EthereumJPYC Inc., a Tokyo-based fintech firm, launched JPYC, Japan’s first regulated stablecoin pegged to the yen, now live on Ethereum, Polygon, and Avalanche. The stablecoin is fully backed by Japanese yen bank deposits and Japan Government Bonds (JGBs) in compliance with the country’s Payment Services Act. The stablecoin’s issuance is managed through JPYC EX, a dedicated platform that utilizes Japan’s “My Number” national ID system to ensure compliant transactions. JPYC is designed to support B2B payments, remittances, and DeFi applications, with an ambitious target of reaching ¥10 trillion in issuance within three years.Abstract Enables 200ms Block TimesAbstract Chain, a consumer-focused Ethereum Layer 2, activated 200-millisecond block times, cutting latency by 5x from its previous one-second blocks. The upgrade delivers the speed necessary for real-time applications and seamless UX with one-click transactions. The feature is powered by a custom ZK proving and sequencing system that operates without Flashblocks preconfirmations. Launched in early 2025, Abstract is built on ZKsync’s ZK Stack and utilizes EigenDA for data availability. The network processes around 250,000 transactions daily and secures over $186 million in value.ETHZilla Sells $40m ETHETHZilla Corporation, an Ethereum Digital Asset Treasury (DAT) company formerly known as 180 Life Sciences Corp, sold approximately 10,256 ETH from its treasury holdings to initiate a $40 million share buyback program. Since October 24, ETHZilla has repurchased approximately 600,000 shares for about $12 million under its broader $250 million buyback authorization. The company said the buyback aims to support shareholders, reduce shares available for short selling, and increase NAV per share, as its stock trades at a significant discount to NAV. Meanwhile, BitMine Immersion Technologies Inc. added 77,055 ETH to its treasury in the past week, bringing its holdings to 3.3 million ETH.Other NewsSOON fast propagation proposalACDT#59 minutesPrivacy on Ethereum #16MegaETH token saleHolešky stops finalizing0.5% validators hold 10% stakeCoinbase partners with CitiHorizon hits $100m in borrowingsMetaMask registers claim domainCryptoBros Trial Day 9zkAMM swap with AIDisclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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