1d ago
🇯🇵 JPYC Inc Launches Japan’s First Fully-Backed Yen Stablecoin $JPYC!
@JPYC_official has officially launched JPYC, a Japanese yen–denominated stablecoin pegged 1:1 to the JPY and fully backed by bank deposits and government bonds. Alongside the launch, the company introduced JPYC EX, a dedicated issuance and redemption platform enabling users to seamlessly mint and redeem JPYC for yen.
Initially live on @Avax, @Ethereum and @0xPolygon, JPYC enables low-cost, high-speed on-chain payments and remittances while preserving yen value. Users can purchase JPYC at any time, use it across domestic and international services, including DeFi and blockchain-based games and convert it back to yen instantly.
Recognized as an electronic payment instrument under Japan’s Payment Services Act, JPYC offers full transparency and security with over 100% of the outstanding balance held in yen deposits and government bonds.
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