Japan Blockchain Foundation Plans to Launch Yen-Pegged EJPY Stablecoin

Highlights:

• Japan Blockchain Foundation will issue EJPY, a yen-pegged stablecoin, on Japan Open Chain and Ethereum.
• EJPY will support business payments, remittances, digital settlements, and Web3 payment services in Japan.
• The company said launch details will come later after legal and business discussions.

Japan Blockchain Foundation Co., Ltd. has decided to issue a Japanese yen-pegged stablecoin called EJPY. The company announced the plan on Wednesday through its official news release. EJPY will be issued on the Japan Open Chain (JOC) and Ethereum. Japan Blockchain Foundation operates the consortium behind Japan Open Chain, a public blockchain built for business use in Japan.

A stablecoin is a digital asset that tries to keep a stable value. EJPY will be linked to the Japanese yen. This can make it useful for payments, transfers, and settlements because users do not face the same price swings seen in many cryptocurrencies.

Japan Blockchain Foundation said it has been discussing the project with a possible trustee business. These talks cover important areas such as issuing EJPY, redeeming it, managing trust assets, building the system, and complying with legal requirements.

The company now plans to move faster in preparing to issue and circulate EJPY on the Japan Open Chain. Japan Blockchain Foundation wants EJPY to support real payment use cases. These may include business payments, digital asset settlements, remittances, and payments inside Web3 services.

🇯🇵 The Japanese yen-backed stablecoin "#EJPY" is officially coming.

Japan Blockchain Foundation has formally decided to issue EJPY under a trust-type scheme — a major step toward evolving #JapanOpenChain into a real payment infrastructure.

✅ B2B payments
✅ Digital asset…

— Japan Open Chain (@Japanopenchain0) May 13, 2026

Japan Open Chain Will Serve as the Main Blockchain

Japan Open Chain will be the main blockchain for EJPY. The company also plans to consider multi-chain support in the future. JOC  is an Ethereum-compatible Layer 1 public blockchain. It is designed to provide secure, fast, and low-cost blockchain infrastructure for businesses. The network is operated by 14 validators, including Dentsu Inc., NTT Communications, TIS Inc., pixiv Inc., SBINFT Co., Ltd., Pacific Meta Inc., and Nethermind. The company said it plans to expand the validator network to 21 in the future.

EJPY Use Cases and Future Plans

Japan Blockchain Foundation also plans to work with Electronic Payment Instruments Service Providers. These providers may help users buy, transfer, and redeem EJPY under Japan’s legal framework.

The company said stablecoin use cases are gaining attention in Japan and other markets. These include business-to-business payments, cross-border payments, digital asset settlements, and local payment services. Japan Blockchain Foundation said its goal is to build a safe and trusted digital payment system that follows Japanese law. It also wants to make EJPY useful for companies, financial institutions, local governments, and Web3 businesses.

The company also clarified that this announcement is not a sale or offer of EJPY. For now, it is only sharing an update on where the project stands. Japan Blockchain Foundation said it will announce the launch date, issuance terms, supported platforms, partner businesses, and available services later, after further talks with authorities and related companies.

Japan Blockchain Foundation Representative Daimei Inaba said stablecoins can become a key part of next-generation financial infrastructure because they allow real value to move on blockchains. He said preparing EJPY is an important step toward making Japan Open Chain useful for real settlements, remittances, and transactions.

Japan Blockchain Foundation started in April 2018 and operates from Tokyo. The company focuses on building and operating blockchain infrastructure for business use.