This has so many benefits to AVALANCHE $AVAX ✅ This would lead to Increased Liquidity with the Yen 💴 denominated assets thereby attracting Asian users and boosting the overall TVL with stable and other regulated options beyond USD stables. ✅ DeFi Expansion It would enable yen lending, borrowing and trading on platforms like Aave or Trader Joe thereby creating new liquidity pools and reducing trade and forex risks. ✅ There would be Institutional Appeal Partnerships with SMBC and others highlight AVAX's role in RWA tokenization, this woould draw banks and other enterprise in to its scalable subnets. ✅ Massive 🔺doption in Asia This will position Avalanche @avax as the hub for Japan's web3 growth, with low fees and high speed ideal for retail payments via integrations like Nudge Card. ✅ Cross-Chain Utility The EVM compatibility and bridges enhances compatibility thereby making JPYC seamless for multi chain apps and global yen liquidity. @nobsfud @ExcelBaller @coopernicus01 #AVAX #DeFi #Liquidity
Japan's first legally recognized yen stablecoin is JPYC. And it's powered by Avalanche.
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