JPY Coin v1

JPY Coin v1 (JPYC) is a stablecoin issued by a Japanese project and designed to maintain a one-to-one peg with the Japanese yen. It is intended to give users a digital representation of yen that can be transferred and used on blockchain networks. The asset targets anyone who wants to transact in yen-denominated value without using traditional banking rails.

JPYC is a token that exists across several blockchain ecosystems, including Ethereum, Polygon, and Gnosis Chain, as indicated by its category listings. The coin is designed so that each unit tracks the value of one Japanese yen, with the peg maintained by the issuer rather than by an algorithmic mechanism described in the available data. No consensus algorithm or block time is recorded for the token itself, which reflects that it is an issued token riding on top of existing blockchains rather than a standalone network.

The data provided does not record any fee stream, revenue source, or protocol earnings for JPYC. This means that the fee-based measures typically reported on this site are not applicable here. The circulating supply stands at approximately 2,467,613,429 tokens as a point-in-time figure, all of which are already in circulation, leaving zero dilution overhang and a fully diluted valuation equal to the current market capitalisation of roughly 25,437,218 US dollars.