Japan’s Financial Services Agency (FSA) is expected to approve the release of Japan’s first yen-back stablecoin, $JPYC. The stablecoin will be backed by government bonds and deposits and will be released this coming fall.
The official announcement states:
Worldwide, the market size has expanded to over 250 billion dollars (approximately 37 trillion yen), mainly denominated in dollars. The aim is to popularize it in Japan as a means of international remittances.
—Nihon Keizai Shimbun, Press release
The issuer is JPYC Inc., which announced that it plans to produce ¥1T $JPYC over the next three years.
Thailand Plans Crypto Payment Sandbox for Tourists, Driving the Crypto Market Into Frenzy
Meanwhile, Thailand’s TouristDigiPay initiative aims to revitalize tourism by letting foreigners convert their crypto into Thai Baht.
The official announcement will take place today, during a press conference led by Deputy Prime Minister and Finance Minister, Pichai Chunhavajira.
The Thai government has considered this method for a long time in the context of a declining tourist sector.
Once implemented, the scheme will function under strict regulatory oversight to prevent the direct use of cryptos as payment methods and ensure alignment with the Anti-Money Laundering and Counter-Terrorist Finance Ordinance’s (AMLO) criteria.
In this sense, the central bank is currently working to create the Tourist Wallet, designed specifically for foreigners, which will initially function strictly as a currency conversion hub.
With time, the plan is to link it directly to the users’ credit and debit cards.
Japan and Thailand’s involvement in the crypto sector is likely to cause visible ripples in the industry, given the scope of the projects.
In particular, Thailand’s move to use crypto to boost tourism could fuel projects like Best Wallet, which is a great fit for people wanting to use crypto on the move.
Best Wallet Welcomes Crypto Beginners with Free Services and Intuitive Features
Best Wallet is free and user-friendly, with an intuitive UI and a host of helpful features, making it perfect for inexperienced crypto enthusiasts.
The wallet requires no KYC verification; just set up your account, and you’re good.
Best Wallet is also non-custodial, which means you own the private key. This translates to higher security, given that you’re the one responsible for managing your credentials.
The wallet comes packed with features like Market Insights, letting you identify trends and gauge market sentiment, and Token Launchpad, which gives you access to partner presales before the project goes public.
Best Wallet is running the Best Wallet Token ($BEST) presale, which has raised almost $15M so far, with $BEST sitting at $0.025495. This performance positions Best Wallet Token as one of the most successful presales of 2025.
Moreover, $BEST is likely to see an explosive release, based on the project’s long-term potential and surge in investor interest. Following successful implementation, Best Wallet could experience mainstream adoption, at which point the $BEST token could become a wealth-builder.
Until then, holding $BEST gives you several on-chain benefits, like governance rights, reduced transaction fees, and early access to upcoming projects.
If you want to learn how to buy $BEST, check this guide, then go to the presale page and secure your tokens while they’re still hot.
Get in soon, as even whales are taking notice with one $22.3K buy logged today alone
Asia Expanding Into Crypto is Bullish for the Market
Japan and Thailand’s push into the crypto sector is a massive step forward for the entire crypto market, highlighting growing adoption and innovative new use cases.
Expect a bull push over the following days, as Thailand’s Pichai Chunhavajira will announce the TouristDigiPay during today’s conference. We should see a surge in interest for presales like Best Wallet Token ($BEST), as it powers Best Wallet’s bid for crypto wallet dominance in a world brought ever closer together by crypto.
This isn’t financial advice. Do your own research (DYOR) and invest wisely.
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.
Source: https://bravenewcoin.com/partner/japan-and-thailand-lead-crypto-adoption-as-best-wallet-token-soars