Digital Yen

Japan’s Credit Card System Crashes Nationwide—Are Stablecoins Waiting in the Wings?

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Credit Card System

Japan experienced a major payment disruption on July 16, 2026, leaving customers unable to use credit cards at convenience stores, supermarkets and other merchants across the country. The trouble reportedly began around 8 a.m. and affected transactions processed by Mitsubishi UFJ NICOS and Sumitomo Mitsui Card. Credit-card functions connected to Mobile Suica and Mobile Pasmo … Read more

Japan’s Yield-Bearing Digital Yen: JPYSC Brings Stablecoin Income to the Yen

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Japan’s Yield-Bearing Digital Yen: JPYSC Brings Stablecoin Income to the Yen

For most of the stablecoin era, earning yield on digital cash has meant accepting exposure to the U.S. dollar. Japan is now beginning to offer another choice: a regulated, yen-denominated stablecoin capable of generating income. SBI VC Trade has announced JPYSC Lending, a fixed-term service that will initially pay a 3% annualized return on JPYSC … Read more