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Rank #38JPYCFiat-Backed
JPYC
Pegged to
JPY
Market Cap
$20.00M
24h Volume
$500.0K
Circulating Supply
20.00M JPYC
Total Supply
20.00M JPYC
Peg Target
JPY
Collateral Type
Fiat-Backed
Issuer
JPYC Inc.
Launch Date
27-01-2021
About JPYC
JPYC is a Japanese Yen (JPY)-pegged stablecoin issued by JPYC Inc., a Tokyo-based company. It is classified as a prepaid payment instrument under Japanese law. JPYC allows Japanese users to access DeFi and crypto services in their local currency. It is available on multiple chains including Ethereum, Polygon, Avalanche, and the Astar Network (popular in Japan). JPYC can be purchased with JPY via bank transfer and used across participating merchants and DeFi protocols.
Pros
- Compliant with Japanese regulations
- Multi-chain deployment
- Direct JPY on-ramp
- Growing Japanese DeFi ecosystem
Cons
- Prepaid instrument — not a true stablecoin legally
- Very limited outside Japan
- Low DeFi composability
- Niche market
Key Features
JPY 1:1 peg
Classified as prepaid payment in Japan
Multi-chain availability
Japanese regulatory compliance
Bank transfer purchases
Merchant payment integration
Stablecoin Information
Category
Non-USD FiatCollateral Type
Fiat-BackedIssuer
JPYC Inc.