JPYC to collaborate with South Korea’s ITCEN on stablecoin research

Stablecoin issuer JPYC and South Korean IT company ITCEN will cooperate in stablecoin research. The two parties jointly signed a memorandum of understanding (MOU) and stated that they would not only study the Japanese yen stablecoin, but also the possibility of stablecoins based on other currencies (such as the Korean won).