JPYC CEO: Increasing disruptions in Japanese banking services will boost demand for the yen stablecoin JPYC

November 11: Noritaka Okabe, CEO of JPYC Inc., stated that demand for the JPYC stablecoin will rise as more banks face service disruptions. Okabe's remarks came shortly after Japan's GMO Aozora Net Bank suspended some banking API services following the detection of unauthorized communications. Its parent company, GMO Internet Group, experienced a major cybersecurity incident last month involving ransom demands after unauthorized access to servers.

Blockbeats note: JPYC is a regulated yen-pegged stablecoin, and the company registered as a funds transfer service provider with Japanese authorities in October 2025.