{"id":61397,"date":"2023-10-12T07:05:36","date_gmt":"2023-10-12T11:05:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=61397"},"modified":"2023-10-12T07:05:38","modified_gmt":"2023-10-12T11:05:38","slug":"yen-backed-digital-currency-dcjpy-to-launch-in-july-2024","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/yen-backed-digital-currency-dcjpy-to-launch-in-july-2024\/","title":{"rendered":"Yen-backed Digital Currency DCJPY to Launch in July 2024"},"content":{"rendered":"\n

DeCurret Holdings, a digital currency and electronic payments company, published a white paper on its “DCJPY” a Japanese Yen-backed cryptocurrency initiative<\/a>, on October 12, indicating its launch in July 2024.<\/p>\n\n\n\n

\"Yen-backed
Yen-backed Digital Currency DCJPY to Launch in July 2024<\/figcaption><\/figure>\n\n\n\n

The white paper indicates that the DCJPY Network will comprise the Financial and Business Zone. Institutions will mint deposits as digital currency on the blockchain as part of the former, whereas the latter will be reserved for transactions. The Business Zone will also offer space for issuing nonfungible, security, and governance tokens.<\/p>\n\n\n\n

Aozora Bank\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, a Japanese commercial institution with 19 domestic branches, will be the primary issuer of the DCJPY, which deposits in the Japanese yen will support. DeCurret reported in 2021 that 70 Japanese companies would form a consortium to participate in the DCJPY Network.<\/p>\n\n\n\n

DeCurret is backed by 35 shareholding companies, including Japan Post Bank, Mitsubishi, and Dentsu Group, although the white paper does not list the specific identities of the network's participants.<\/p>\n\n\n\n

On October 18, DeCurret will host a seminar on the white paper explaining the project's main themes. The meeting will take place in Tokyo and will not be webcast.<\/p>\n\n\n\n

The Bank of Japan disclosed the results of the second phase of its central bank digital currency<\/a> experiment in May 2023. It will definitively determine the issuing a “digital yen” by 2026.<\/p>\n\n\n\n

Binance and Mitsubishi UFJ Trust and Banking Corporation are investigating the issuance of stablecoins denominated in Japanese yen and other foreign currencies in Japan.<\/p>\n","protected":false},"excerpt":{"rendered":"

DeCurret Holdings, a digital currency and electronic payments company, published a white paper on its “DCJPY” a Japanese Yen-backed cryptocurrency initiative, on October 12, indicating its launch in July 2024. The white paper indicates that the DCJPY Network will comprise the Financial and Business Zone. Institutions will mint deposits as digital currency on the blockchain […]<\/p>\n","protected":false},"author":12,"featured_media":61402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16719,16720,883,1112],"class_list":["post-61397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dcjpy","tag-decurret-holdings","tag-japan","tag-yen"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-32.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=61397"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/61402"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=61397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=61397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=61397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}