Profile
JPYC profile facts
JPY Coin (JPYC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Japanese Yen.
Other coins using the JPYC ticker
- JPY Coin v1 (JPYC) · Frozen · Japanese Yen. JPYC v1 is the legacy prepaid-payment yen token series from JPYC Inc.
- Collateral
- Japanese yen deposits and Japanese government bonds (100% backed)
- Peg mechanism
- Direct 1:1 redemption for JPY through JPYC Inc. via the JPYC EX platform; issuance and redemption via bank transfer after KYC; JPYC Inc. holds a Type II Funds Transfer Service Provider license under Japan's Payment Services Act
- Jurisdiction
- Japan / FSA / Type II Funds Transfer Service Provider (Payment Services Act)
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
JPYC quick answers
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What is JPY Coin (JPYC)?
JPYC is JPYC Inc.'s centralized yen stablecoin, backed 1:1 by JPY deposits and Japanese government bonds under a Type II Funds Transfer Service license. The static profile records its Japanese Yen peg mechanism as: Direct 1:1 redemption for JPY through JPYC Inc. via the JPYC EX platform; issuance and redemption via bank transfer after KYC; JPYC Inc. holds a Type II Funds Transfer Service Provider license under Japan's Payment Services Act.
Is JPYC safe?
As of Oct 24, 2026, Pharos grades JPYC C+ (61/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs JPYC?
Pharos records JPYC's reserves in its review of Jul 28, 2026 as 100% Japanese yen deposits and Japanese government bonds. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Real-World Asset Backed.
Can JPYC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for JPYC, when applicable, appear in the live dossier on this page.
How do you redeem JPYC?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem JPYC for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
