Japanese yen stablecoin JPYC signed a memorandum of understanding on a business alliance with SBJ Bank and LINE NEXT. The three parties are considering cooperating to promote the use of yen-denominated stablecoins and other initiatives.
Japanese yen stablecoin JPYC announced that it had signed a memorandum of understanding on a business alliance with SBJ Bank and LINE NEXT. This formally established the cooperative relationship among the three parties.
The information states that JPYC Corporation's head office is in Chiyoda-ku, Tokyo and that its representative director is Okabe Noritaka (岡部典孝). SBJ Bank has its head office in Minato-ku, Tokyo. The specific roles and terms for LINE NEXT are not stated in the article.