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.
JPYC's Polygon operational holdings decreased to pre-mint event levels.
Raised $11.9 million in Series B funding led by Asteria Japan.
Integrated into LINE NEXT's Web3 wallet "Unify" currently under development
Co-produces MoneyX 2026, Japan's largest stablecoin conference and Asia's leading Web3 conference, with 2,000 participants alongside SBI Group, CoinPost, Progmat, and TV Tokyo.
Operational holdings on Polygon network decreased to levels last seen during a previous pre-mint event.
Monthly active users (MAUs) are increasing sharply.
The first yield market for the regulated JPY stablecoin launches, powered by Napier.
Launched world's first yen-pegged stablecoin on Ethereum, Avalanche, and Polygon, powers merchant payments across Japan.