Profile
JPYC profile facts
JPY Coin v1 (JPYC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Japanese Yen.
Other coins using the JPYC ticker
- JPY Coin (JPYC) · Active · Japanese Yen. JPYC is JPYC Inc.'s centralized yen stablecoin.
- Collateral
- Japanese-yen reserve assets held for the legacy prepaid-payment JPYC v1 token series
- Peg mechanism
- Prepaid-payment instrument under Japan's Payment Services Act: yen deposited in advance is issued 1:1 as JPYC v1 tokens backed by JPYC Inc. yen reserves. Tokens are non-refundable to cash by design and usable only for payments and free balance transfers; new issuance ended 1 June 2025 ahead of migration to the redeemable funds-transfer-token JPYC.
- Jurisdiction
- Japan / FSA
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring.
JPYC quick answers
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What is JPY Coin v1 (JPYC)?
JPYC v1 is the legacy prepaid-payment yen token series from JPYC Inc., predating the funds-transfer-token migration to the current JPYC contracts. The static profile records its Japanese Yen peg mechanism as: Prepaid-payment instrument under Japan's Payment Services Act: yen deposited in advance is issued 1:1 as JPYC v1 tokens backed by JPYC Inc. yen reserves.
Is JPYC safe?
JPY Coin v1 is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Centralized (CeFi) governance model, Real-World Asset Backed backing, curated reserve profile, and notes that admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
What backs JPYC?
The archived Pharos profile records JPYC's reserves as 100% JPY reserve assets for legacy JPYC v1. Reserve evidence: curated reserve profile. Pharos classifies the backing as Real-World Asset Backed.
Can JPYC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments. JPYC is a frozen Pharos archive; the recorded history below is read-only.
