JPY Coin v1 (JPYC) stablecoin analytics
Answer First
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. Tokens are non-refundable to cash by design and usable only for payments and free...
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 freeze or administrative control exposure is possible but not fully confirmed.
Static Profile
Static stablecoin profile
JPY Coin v1 (JPYC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Japanese Yen.
AI summary / Updated May 15, 2026
Legacy prepaid-payment yen token series predating JPYC's funds-transfer-token migration; retained only for discovery and validation. JPY Coin v1 is the older JPYC token series, separate from the current JPYC deployment already tracked by Pharos. It is backed by yen-denominated reserve obligations and legacy redemption processes rather than the newer funds-transfer-token contracts. The Ethereum, Polygon, and Gnosis deployments are retained for discovery and reserve validation. Its main reason to track separately...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- 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.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated May 15, 2026.
JPYC quick answers
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. Tokens are non-refundable to cash by design and usable only for payments and free...
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 freeze or administrative control exposure is possible but not fully confirmed.
What backs JPYC?
Pharos classifies JPYC backing as Real-World Asset Backed. Collateral, per the static profile: Japanese-yen reserve assets held for the legacy prepaid-payment JPYC v1 token series Reserve evidence: curated reserve profile.
Can JPYC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. JPYC is a frozen Pharos archive; the recorded history below is read-only.