JPY Coin

JPY Coin (JPYC) is a fiat-backed stablecoin designed to track the value of the Japanese yen, meaning each token is intended to be worth roughly one yen at all times. It is aimed at users who want to transact, save, or move value in a digital form while remaining denominated in Japan's national currency, without exposure to the price swings typical of other digital assets. The project addresses the absence of a widely accessible, yen-denominated digital token for retail and institutional participants operating within or connected to Japanese financial markets.

JPYC is a fiat-backed stablecoin, meaning that yen-denominated reserves held by the issuer are supposed to back each token in circulation at a one-to-one ratio. The token exists across several blockchain networks, including Ethereum, Polygon, Avalanche, and Kaia, allowing it to be transferred and used within the smart-contract ecosystems on those chains. No consensus algorithm or block time is recorded for the project itself because JPYC depends on the underlying settlement infrastructure of whichever host chain it is deployed on rather than operating its own network.

The data provided does not include any fee revenue, protocol income, or yield figures for JPYC, which means fee-based measures that this site calculates for other assets are not applicable here. The protocol's revenue model, if one exists, is not represented in the stored metrics. What the data does show is a circulating stablecoin supply of 20,953,616.93 (point-in-time) and a 30-day supply change of 75.31 percent, indicating that the total amount of JPYC outstanding has grown substantially over the past month. With a fully diluted valuation equal to market capitalization and no recorded dilution overhang, all tokens that will be issued under current plans are already in circulation.