A new, seamless gateway to Japan’s digital economy is now open with the launch of JPYC, the country’s first regulated yen stablecoin. Issuer JPYC Inc. has simultaneously launched the JPYC EX platform, where users can acquire the token after a straightforward identity verification process using their “My Number” card.
The stablecoin is designed for practicality and trust, maintaining a 1:1 peg with the yen and being backed by full reserves as required by law. To ensure interoperability across the decentralized landscape, JPYC is available on several major blockchains, including Polygon, Ethereum, and Avalanche.
This move provides Japanese citizens and residents with a familiar, yen-denominated asset to interact with decentralized applications, online games, and NFT marketplaces, reducing the friction and volatility associated with using international stablecoins.
