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JPYC debuts Japan's first regulated yen-pegged stablecoin
Tokyo-based fintech JPYC Inc. launched JPYC, a yen-pegged stablecoin, and opened issuance and redemption on its JPYC EX platform. The token is intended to maintain a 1:1 exchange rate with the yen and is backed by reserves held in bank deposits and Japanese government bonds. 
Payouts will begin on March 10 and will be made in both BTC and fiat. As of now, the applicants will receive about a fifth of the claim amount.
For 2019, the exchange balance was 142 thousand BTC ($3.3 billion), 143 thousand BCH ($19 million) and $510 million in Japanese yen.
It must be said that the situation with Mt.Gox was so hopeless that many investors perceived the receipt of their coins as a gift from the gods. In addition, bitcoins were lost at a completely different price.
Adam Beck, CEO of lending company Blockstream, says:
“I pretty much wrote off the bitcoins I had on Mt.Gox as a loss. So philosophically, whatever I get now is a cold storage bonus.” 
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