Market cap
$22.16M
0.97 %
Volume (24h)
$39.39
0.97 %
Circulating supply
2,600,000,000 JPYC
Total supply
1,300,000,000 JPYC
Max. supply
2,140,000,000 JPYC
JPY Coin (JPYC)
$ 0.01
0.97 %
Main info
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Key data
updated $0Market cap$22.16M
Volume 24h$39.39
Circulating supply2.6B100% of max 2.14B
All-time high$0.08-89% from peak · 2025-09-21
JPY Coin (ticker JPYC) is a Japanese yen-pegged stablecoin — each token is designed to represent one Japanese yen. It was created as an ERC-20 token to bring the stability of JPY to blockchain rails, letting users hold and transfer yen digitally without the volatility typical of crypto. In simple terms, it's a digital version of the yen that lives on Ethereum and other compatible networks.
Frequently asked questions
What is JPYC and how is it different from other stablecoins?
JPYC is a yen-denominated stablecoin, unlike most stablecoins that track the US dollar. It was the first Japanese yen stablecoin approved under Japan's regulatory framework, which makes it notable for compliance-focused users. It's aimed primarily at the Japanese market, where businesses and individuals want blockchain payments without currency conversion.
How does JPYC work technically?
JPYC was originally issued as an ERC-20 token on Ethereum and has since expanded to other networks, including Polygon, Avalanche and Gnosis Chain. As a fiat-backed stablecoin, it relies on a centralized issuer holding yen reserves rather than a decentralized algorithmic mechanism. Transactions settle on the underlying blockchain using its standard consensus, such as proof-of-stake on Ethereum.
How is JPYC issued and backed?
New tokens are minted by the issuer when users exchange yen for JPYC, and burned when tokens are redeemed back to yen. Reserves are held as cash and deposits at Japanese banks, with the issuer operating under Japanese regulations. This means supply is fully demand-driven rather than governed by a fixed schedule or mining.
How can you store and use JPYC?
Since JPYC is an ERC-20 token, any Ethereum-compatible wallet like MetaMask or hardware wallets works for storage. It's used for payments, remittances and settlements, particularly by Japanese companies experimenting with blockchain-based transactions. Note that redemption to yen typically requires going through the issuer or authorized partners, often with identity verification.