Noritaka Okabe, CEO of JPYC Inc., stated that demand for the company's yen-pegged stablecoin is expected to grow as Japanese banks experience more frequent service disruptions. The comments follow a recent incident where GMO Aozora Net Bank suspended certain banking API services after detecting unauthorized communications. This event comes just weeks after parent company GMO Internet Group suffered a major cybersecurity breach involving ransom demands following server access violations. JPYC operates as a regulated stablecoin pegged to the Japanese yen. The company completed its registration as a funds transfer service provider with Japanese regulatory authorities in October 2025, positioning itself as an alternative financial infrastructure solution amid increasing concerns over traditional banking stability and security.