JPYC Inc. CEO Noritaka Okabe said demand for the yen-pegged JPYC stablecoin would rise if more banks faced service disruptions, according to The Block, as reported by PANews on November 11, 2026. That is a forecast, not evidence that outages have increased JPYC use.
Okabe’s comments followed GMO Aozora Net Bank’s suspension of some banking API services after it detected unauthorized communications. Its parent company, GMO Internet Group, had faced a major cybersecurity incident the previous month involving ransom demands after unauthorized access to servers.
JPYC is a regulated yen-pegged stablecoin. The company registered with Japanese authorities as a funds transfer service provider in October 2025. The reported service disruption provides context for Okabe’s demand argument, but the source gives no figures showing a rise in JPYC demand.
Original PANews report, published November 11, 2026, at 16:47 UTC+08:00.