what's JPYC?
JPYC is a stablecoin pegged 1:1 to the Japanese Yen (JPY), issued by JPYC Inc. as Japan's first fully regulated yen-pegged token. It is backed by reserves of yen bank deposits and Japanese Government Bonds (JGBs), enabling seamless on-chain transactions while maintaining stability through full collateralization and transparency. Deployed on public blockchains including Ethereum, Polygon, and Avalanche, JPYC facilitates cross-border payments, DeFi integrations, and tokenized real-world assets within Japan's crypto ecosystem. Users can mint/redeem via licensed platforms, with no transaction fees—revenue from reserve interest supports operations.
Regulated JPY stablecoin launches first yield market, powered by Napier.
Monthly active users (MAUs) are increasing sharply.
The first yield market for the regulated JPY stablecoin launches, powered by Napier.
Japanese startup launches the world's first yen-pegged stablecoin with initial deployment on Ethereum, Avalanche, and Polygon networks.