Japan's leading yen stablecoin misses targets in its first year

Japan's top yen-pegged stablecoin has fallen short of its goals during its debut year. CEO Noritaka Okabe attributed the shortfall largely to a regulatory cap of 1 million yen per transaction imposed on Type II funds transfer providers. That limit has reportedly slowed uptake among corporate customers. The report frames the first year as disappointing relative to expectations for the token's growth. The article's details suggest regulatory constraints, rather than demand alone, have been a key obstacle.