LINE Integrates JPYC Stablecoin into Messenger Wallet

2026-01-20 15:37:44

Source: CryptoNewsNet Original Title: JPYC Stablecoin Integration: LINE Messenger’s Bold Move to Revolutionize Japanese Digital Payments Original Link: LINE NEXT, the blockchain-focused subsidiary of the popular messaging platform LINE, has announced a strategic partnership with JPYC Inc. to integrate the Japanese yen-pegged stablecoin JPYC into its forthcoming Messenger-based wallet. This development represents a significant milestone in Japan’s evolving digital payments landscape and could potentially bring cryptocurrency functionality to LINE’s massive user base of over 96 million monthly active users in Japan alone.

JPYC Stablecoin Integration: A Strategic Partnership for Mainstream Adoption

LINE NEXT and JPYC Inc. formalized their collaboration through a memorandum of understanding (MOU) that specifically targets the integration of JPYC into a new stablecoin wallet feature within the LINE Messenger platform. Consequently, this partnership aims to explore enhanced payment functionalities and reward systems for users. The JPYC stablecoin, which operates on the Ethereum blockchain as an ERC-20 token, maintains a 1:1 peg with the Japanese yen and holds registration as a regulated electronic payment instrument under Japan’s Payment Services Act.

This initiative builds upon LINE’s existing blockchain infrastructure, which includes the LINK token and the Finschia blockchain mainnet. Moreover, the company has progressively expanded its Web3 offerings through services like LINE NFT and DOSI. Industry analysts view this move as a logical progression toward creating a comprehensive digital ecosystem where users can seamlessly communicate, socialize, and transact within a single application.

Japan’s Evolving Regulatory Framework for Stablecoins

The timing of this announcement aligns with Japan’s updated regulatory environment for stablecoins, which took full effect in 2024. Specifically, the revised Payment Services Act now permits licensed financial institutions and registered money transfer agents to issue stablecoins. JPYC Inc. obtained its registration as an Electronic Payment Instruments Service Provider in 2022, positioning it as one of Japan’s first legally compliant yen-pegged stablecoin issuers.

Comparative Analysis of Japan’s Major Stablecoin Initiatives

Issuer/Platform	Stablecoin	Blockchain	Regulatory Status	Primary Use Case
JPYC Inc.	JPYC	Ethereum (ERC-20)	Registered Electronic Payment Instrument	General payments, DeFi, remittances
MUFG Consortium	Progmat Coin	Progmat blockchain	Bank-issued (planned)	Interbank settlements, B2B payments
SBI Holdings	Yen-pegged stablecoin	Multiple (planned)	In development	Digital securities, trading

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.