JPYC: Japan’s New Stablecoin or Just Another Digital Gamble? 🤔💰

by

Ladies and gentlemen, gather ’round and lend an ear to this tale of financial innovation! On the fateful day of October 27, 2025, Japan unveiled its first yen-pegged stablecoin, JPYC, and its shiny new platform, JPYC EX, promising to turn your yen into digital gold with the flick of a wrist. 🪙✨

JPYC Co., Ltd. (Tokyo) announces that, after securing a permit from the Japanese government, it began issuing Japan’s first yen-pegged stablecoin “JPYC” and launched the JPYC EX platform on October 27, 2025. The service supports Avalanche, Ethereum, and Polygon chains-three names that sound like they belong in a fantasy novel. 🧙‍♂️🎲 And if you’re wondering, yes, you’ll need to prove you’re not a ghost, thanks to Japan’s JPKI system. 🕯️

JPYC is redeemable 1:1 for Japanese yen, backed 100%+ by deposits and bonds, enabling instant on-chain transfers with low fees. JPYC Co. cites over 65,000 store payment network integrations in partner pilots-sure, that’s a lot, but how many of them are actually using it? 🤷‍♂️ Co-founders and partners are already eyeing the horizon, planning rollouts with Hashport Wallet and others. One can only hope they’re not just chasing the next big thing. 🚀

FAQ

• What chains support JPYC at launch? JPYC launches on Avalanche, Ethereum, and Polygon-because why settle for one when you can have three? 🎯
• Do I need ID to use JPYC EX? Yes, JPYC EX requires identity verification under Japan’s Anti-Money Laundering rules using JPKI. So, if you’re a ghost, you might have to wait in line. 👻
• How is JPYC backed? JPYC issuance is fully collateralized with Japanese yen deposits and government bonds held above 100%. A feat that would make even the most seasoned banker blush. 💃

Read More

2025-10-27 13:07