LINE to introduce Japanese yen stablecoin JPYC to Messenger wallet

LINE NEXT has signed a memorandum of understanding (MOU) with JPYC Inc. to utilize the Japanese yen stablecoin JPYC in its services, Newsis reported. The partnership will focus on introducing JPYC to a forthcoming stablecoin wallet based on the LINE Messenger platform, while also exploring ways to enhance payment functions and provide rewards.