Wu said that according to CoinDesk Japan, 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 expressed their intention to study not only the yen stablecoin, but also the possibility of stablecoins based on other currencies such as the Korean won. This joint research will combine JPYC's expertise in dealing with Japanese regulations and blockchain technology with ITCEN's real world assets (RWA) business.