Profile
JPYSC profile facts
JPYSC (JPYSC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Japanese Yen.
- Collateral
- Segregated Shinsei Trust & Banking trust accounts holding yen cash and Japanese government bonds, with JGBs capped at 50% of reserves under Japan's Type III Electronic Payment Instrument framework
- Peg mechanism
- Trust-bank-backed JPY stablecoin issued by SBI Shinsei Trust Bank and distributed by SBI VC Trade in a closed-loop launch with external-wallet withdrawals disabled. The issuer also documents direct redemption by application and identity checks, followed by token transfer and JPY payment to a bank account in the holder's name. The September 30, 2026 terms set a standard two-bank-business-day period after request acceptance, with verification-related extensions; this is not an unconditional same-day payout guarantee.
- Jurisdiction
- Japan / Financial Services Agency (FSA)
- Proof of reserves
- Self-Reported PoR by SBI Shinsei Trust Bank (trustee statutory disclosure) Reserve source
- Contracts
- 1 deployment tracked across Ethereum.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
JPYSC quick answers
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What is JPYSC?
JPYSC is Shinsei Trust & Banking's Ethereum-issued, closed-loop yen stablecoin for verified SBI VC Trade users; external-wallet withdrawals remain disabled. The static profile records its Japanese Yen peg mechanism as: Trust-bank-backed JPY stablecoin issued by SBI Shinsei Trust Bank and distributed by SBI VC Trade in a closed-loop launch with external-wallet withdrawals disabled.
Is JPYSC safe?
As of Oct 30, 2026, Pharos grades JPYSC C (55/100) 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 JPYSC?
Pharos records JPYSC's reserves as of Sep 30, 2026 as 51.3% JPY ordinary bank deposits in the JPYSC trust property, 43.8% JPY term bank deposits in the JPYSC trust property, and 5% Japanese government bonds in the JPYSC trust property. Reserve evidence: Self-Reported PoR by SBI Shinsei Trust Bank (trustee statutory disclosure), latest period ending Sep 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can JPYSC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem JPYSC?
Under the route Pharos reviewed on Oct 9, 2026, customers the issuer has verified can redeem JPYSC for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
