STABLE OR GONE Stablecoin history, events, and sources
Stablecoin record

JPYC

Japanese-yen stablecoin issued by registered funds transfer service provider JPYC Inc. through the JPYC EX issuance and redemption platform.

LifecycleActive
Events1
Sources3
Overview
SymbolJPYC
Asset classStablecoin
Reference targetFiat
Redemption / exit modelEligible Customers Only
Valuation sourcePublic information is incomplete
Yield / rebase profileNone recorded
Classification notesCurrent funds-transfer-service JPYC launched in October 2025; legacy prepaid JPYC products are not silently merged into this legal model.
Lifecycle statusActive
Issuance statusRestricted
Peg referenceFiat · JPY
Backing typesBank Deposits, Government Securities
StabilizationIssuer Redemption
GovernanceCentralized
Primary organizationJPYC Inc.
Primary roleLegal Issuer
Last reviewed2026-06-15
Organizations and roles
OrganizationRoleFromUntilRelationship status
JPYC Inc.Legal Issuer2025-10-27—Active

All stablecoins

Compare this record with the rest of the archive.

JPYC Inc.

Registered Funds Transfer Service Provider · Japan

Event history

1 event connected to this stablecoin.

Reserve profile
Disclosure statusIssuer and Regulatory Disclosures
Backing typesBank Deposits, Government Securities
SummaryThe current JPYC product is backed by Japanese-yen deposits and Japanese government bonds with assets preserved at or above issuance value.
As of2026-06-15
Profile confidenceHigh
Redemption profile
Current statusEligible Customers Only
Settlement assetJPY
Eligible partiesJPYC EX users who complete required identity verification and register a bank account and wallet address.
Retail accessEligible Customers Only
Institutional accessEligible Customers Only
Minimum amountPlatform and transaction dependent.
FeeBanking, network, and platform terms may apply.
Settlement timeIssuer and banking processing dependent.
Regional limitsJapanese identity-verification and funds-transfer rules apply.
Record coverage
SectionEntries
Organizations1
Sources3
Reserve reports1
Regulatory notes0
Deployments1
Issuer-control actions0
Open questions2
Events1
Event timeline
DateEventTypeDetail kindRecovered
2025-10-27JPYC launches as a regulated issuance and redemption stablecoinStatus ReviewLaunch—
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
—JPYC Inc.Reserve DisclosureBank Deposits, Government SecuritiesHigh
Regulatory and official notices
DateTitleAuthority / publisherTypeSummary
No regulatory notes have been added yet.
Blockchain deployments
ChainStandardDeploymentStatusFreezeBlacklistControl eventsContractNotes
EthereumERC-20Issuer Native Fiat TokenActiveUnknownUnknown0Not yet verifiedInitial current-JPYC deployment coverage; Avalanche and Polygon are documented but not normalized here.
Sources
SourcePublisherTypeEvidence scopeReliability
JPYC and JPYC EX official launchJPYC Inc.Official StatementLaunch, One to One Jpy Exchange, Deposits and Government Bonds, Supported Chains, Launch Backing and RedemptionHigh
JPYC obtains funds transfer service registrationJPYC Inc.Official StatementFunds Transfer Registration, Registration Number, Issuer Identity, Regulatory RegistrationHigh
JPYC Series B second closeJPYC Inc.Official StatementActive Status, Circulation Growth, Post Launch Operation, Current Operating StatusHigh
Open questions
TopicWhat remains unclearPriorityLast checked
Legacy Prepaid Product LineageThe relationship between current regulated JPYC contracts and earlier prepaid JPYC products is not fully normalized in this batch.High2026-06-15
Complete Network and Contract MapOfficial launch materials list Avalanche, Ethereum, and Polygon, but all current contract addresses and subsequent networks are not normalized here.Medium2026-06-15