Avalanche Enters Japan’s Tourism Market With JPYC Stablecoin Tax Refunds

TL;DR Avalanche’s C-Chain will support a new tax refund service launching on November 1, 2026, allowing eligible tourists in Japan to receive refunds in JPYC, a yen-denominated stablecoin . UPBOND and Japan Tax Free will combine wallet infrastructure with existing refund processing, transferring funds after customs clearance and internal reconciliation . The initiative comes as Japan explores broader stablecoin applications, including corporate payments and tokenized financial products, expanding the potential role of blockchain in everyday financial services . Avalanche is expanding its presence in Japan’s travel sector through a new service that allows eligible international visitors to receive tax refunds in JPYC through its C-Chain blockchain .

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