Japan’s first yen‑pegged stablecoin JPYC and its issuance/redemption platform JPYC EX begin operations on October 27, 2025, enabling 1:1 yen redemption and onchain transfers.
Japanese Yen Stablecoin JPYC and Issuance Platform JPYC EX Launched
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JPYC Co., Ltd. (Tokyo) announces that, after registering as a funds transfer service provider under Japan’s Payment Services Act on August 18, 2025, it begins issuing Japan’s first yen‑pegged stablecoin “JPYC” and launches the JPYC EX issuance and redemption platform on October 27, 2025. The service supports Avalanche, Ethereum and Polygon chains and requires user identity verification via Japan’s public personal authentication (JPKI) for issuance and redemption.
JPYC is redeemable 1:1 for Japanese yen and is backed 100%+ by yen deposits and government bonds, enabling instant on‑chain transfers with low fees; JPYC Co. cites over 65,000 store payment network integrations in partner pilots and aims for broad adoption across retail, wallets and creator platforms. Co‑founders and partners note ecosystem rollouts with Hashport Wallet, ASTERIA Warp, and other firms.
FAQ
• What chains support JPYC at launch? JPYC launches on Avalanche, Ethereum, and Polygon, with more chains planned.
• Do I need ID to use JPYC EX? Yes, JPYC EX requires identity verification under Japan’s Anti‑Money Laundering rules using JPKI.
• How is JPYC backed? JPYC issuance is fully collateralized with Japanese yen deposits and government bonds held above 100%.
