Japanese convenience store Lawson to pilot 'JPYC' stablecoin payments

Japanese convenience store chain Lawson will begin a pilot program for payments using the yen-based stablecoin "JPYC," Financial News reported, citing Japanese media outlet Nikkei. The experiment is set to launch in early August at the Takanawa Gateway City store in Minato-ku, Tokyo. Lawson is collaborating with digital asset wallet company HashPort to enable consumers to pay for goods via a smartphone e-wallet. According to Lawson, this marks the first stablecoin payment trial in Japan to be integrated with a point-of-sale (POS) system.