JPYC Submits Information on Stablecoin Payment Competition Environment to Fair Trade Commission

On October 9, according to an official announcement by JPYC Co., Ltd., the company submitted information to the Japan Fair Trade Commission on September ​14, 2026, explaining the competitive environment of the cashless payment market against the backdrop of the proliferation of stablecoin payments.

\nJPYC completes payments through direct value transfer based on blockchain, without charging merchants franchise store fees, and has been deployed in over 150 physical and online stores. Some merchants have begun offering discounts, free shipping, and other benefits to users paying with JPYC, but have held back due to concerns about violating credit card franchise store rules. In response, JPYC stated that merchants' autonomous formulation of differentiated pricing constitutes legitimate business decisions, and the Fair Trade Commission's 2022 report also pointed out that clauses uniformly prohibiting merchants from setting different conditions for different payment methods may, in certain circumstances, pose issues under the Antimonopoly Act.\n\n[TechFlow]