JPYSC

JPYSC is a Japanese yen-denominated stablecoin issued by SBI Shinsei Trust & Banking under Japan's Electronic Payment Instruments framework, in partnership with Startale Group. It is designed to maintain a one-to-one peg with the Japanese yen, making it intended for users and institutions that need to move or settle yen-denominated value quickly on a blockchain. The asset targets large-scale fund transfers and settlements where traditional banking rails may be slower or less transparent.

JPYSC lives on the Ethereum ecosystem and represents a claim on yen held within a trust-bank structure, meaning the issuing entity holds the underlying yen in custody while an equivalent number of tokens circulates on-chain. The trust-based backing is meant to ensure that each token can be redeemed for one yen through the issuer, with blockchain infrastructure handling the actual transfer and settlement layer. No consensus algorithm or block time is recorded in the available data, so further detail on the underlying chain mechanics is not available here.

No fee stream is recorded in the available data for JPYSC, which means this site carries no figures for protocol revenue, fee recipients, or earnings distributed to token holders. The circulating stablecoin supply stands at approximately 125,808,928 USD-equivalent at the point in time captured, and 100 percent of the total supply has already been issued with no additional supply pending. Because there is no fee data, fee-based metrics that this site calculates for other assets are not applicable to JPYSC.