What Is JPYC?

JPYC, also known as Japanese Yen stablecoin, aims to maintain a 1:1 peg with JPY. It was launched in January 2021 and is recognized as a Prepaid Payment Instrument under Japanese law. In just under half a year, JPYC has emerged as a multi-million dollar issuance project.

JPYC is managed by JPYC.inc, a platform specializing in the tokenization of real-world assets.

The Visionaries behind JPYC

JPYC owes its existence to the visionary entrepreneur Noritaka Okabe, who boasts over 21 years of experience in the field. Okabe serves as the founder and CEO of JPYC.

Distinctive Aspects of JPYC

JPYC stands out in the market by offering a convenient Japanese yen stablecoin solution. It provides an easy entry and exit point for Japanese users venturing into the cryptocurrency world. The project was conceived as a prepaid payment method due to the challenges presented by Japanese laws and regulations surrounding the issuance of Japanese yen stablecoins.

JPYC Coin Circulation

As of May 2022, approximately 350 million JPYC coins were in circulation. There are two versions available: version 1 and version 2. The transition to version 2 is currently in progress.

Ensuring Security in the JPYC Network

JPYC operates as a centralized Japanese yen stablecoin project, akin to USDC and USDT in the dollar stablecoin field. JPYC.inc adheres fully to Japanese law and has garnered investments from prestigious venture capitalists, including Circle Venture.

JPYC is backed by Japanese yen in strict accordance with the Japanese Fund Settlement Law. The smart contracts governing JPYC have undergone rigorous auditing, and the corresponding audit reports are publicly available.

How to Acquire JPYC

JPYC can be purchased through the JPYC Apps on our website. Moreover, JPYC can be utilized to obtain a Visa prepaid card for real-life transactions.

JPYC is also available for purchase or as a means for liquidity provision on decentralized exchanges such as Uniswap, Quickswap, Curve, and more.