JPY CoinPrice

(JPYC)

JPY Coin, or JPYC, is a stablecoin pegged to the Japanese Yen at a 1:1 ratio. It is designed to function as a digital version of the yen that users can hold, send globally, and use within Web3 applications. JPYC aims to bring the reliability of the Japanese yen onto public blockchains. A key characteristic of JPYC is its regulatory compliance in Japan. JPYC Inc., the issuer, is licensed as a Type II Funds Transfer Service Provider under Japan's Payment Services Act. This designation means it adheres to strict regulations concerning identity verification, transaction monitoring, reserve management, and consumer protection. JPYC is fully backed by an equivalent amount of yen bank deposits and Japanese Government Bonds (JGBs). These reserves are held in custody and kept separate from the company's operational funds, ensuring that each JPYC token can be redeemed for physical yen. While initially launched in January 2021, JPYC received final regulatory approval in August 2025 and officially launched under Japan's revised stablecoin laws in October 2025. The stablecoin operates across several blockchain networks, including Ethereum, Avalanche, and Polygon. Its primary use cases include facilitating low-fee remittances, digital payments for e-commerce, and cross-border transactions. It allows Japanese users to engage with Web3 services without exposure to foreign exchange volatility or the need for currency conversion, which can occur with US dollar-pegged stablecoins. Users can mint or redeem JPYC through the platform JPYC EX, which requires identity verification. JPYC is classified as a prepaid payment instrument or an electronic payment instrument under Japanese law, rather than a speculative crypto-asset. Learn more

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