JPYSC

JPYSC is a Japanese yen-pegged stablecoin issued by SBI Shinsei Trust & Banking, making it the first trust bank-backed yen stablecoin issued under Japan's Electronic Payment Instruments regulatory framework, developed in partnership with Startale Group. Each token is designed to maintain a one-to-one value with the Japanese yen, aiming to combine the settlement speed of blockchain with the legal protections of a trust-based custody structure. It is intended primarily for large-scale fund transfers and settlements by institutions and businesses that require both price stability and near-instant finality.

JPYSC lives within the Ethereum ecosystem, meaning tokens are issued and transferred on that network. The token is backed through a trust bank structure under Japanese law, which is intended to ensure that yen-denominated reserves underpin each unit in circulation. No consensus algorithm or block time is recorded for this asset specifically, as the settlement infrastructure belongs to the Ethereum network rather than to JPYSC itself.

The data stored for JPYSC contains no fee stream — no protocol revenue, fee collection, or distribution mechanism is recorded. This means that fee-based measures commonly tracked on this site, such as revenue yield or fee-to-market-cap ratios, are not applicable here. The circulating stablecoin supply stands at approximately 129,039,568 USD-equivalent as a point-in-time figure, and the supply issued percentage is 100, meaning all tokens counted toward the maximum currently tracked supply are already in circulation, with a dilution overhang of 0 percent.