Dephaser JPY

JPYT

CeFi-Dependent · Crypto-Collateralized · Japanese Yen

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Static Profile

Static stablecoin profile

Dephaser JPY (JPYT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Japanese Yen.

CeFi-Dependent Crypto-Collateralized Japanese Yen

AI summary / Updated May 14, 2026

JPYT is Dephaser's yen-pegged token on Base and Optimism. CoinGecko describes the design as an algorithmic JPY stablecoin backed by locked USDT, so Pharos should treat the reserves as high-risk dependency collateral rather than a cash yen reserve. The runtime price and...

Collateral: USDT locked on Optimism and USDC locked on Base through the DePhaser platform to mint JPYT
Peg Mechanism: Users lock USDT on Optimism or USDC on Base to mint JPYT against a real-time yen exchange-rate oracle; the redemption flow permits/burns JPYT and returns the selected USDT or USDC collateral to the user
Jurisdiction: Not disclosed in the static profile.
Proof Of Reserves: No proof-of-reserves entry in the static profile.
Contracts: 2 deployments tracked across Optimism and Base.

Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 14, 2026.