Japanese Yen (JPY) Stablecoins: 5 Tracked, Ranked by Risk
5 tracked stablecoins pegged to the Japanese Yen. Compare peg stability, liquidity, risk, and leading symbols like JPYC and JPYm.
About Japanese Yen stablecoins
Japanese Yen stablecoins provide on-chain JPY exposure for Asian DeFi markets. With Japan's progressive crypto regulation, JPY pegs are an important bridge between traditional finance and decentralized protocols. Pharos tracks their peg stability and market metrics. Pharos currently maps 5 tracked stablecoins in this currency bucket. Top tracked names include JPY Coin (JPYC), Mento Japanese Yen (JPYm), and Convertible JPY Token (CJPY). JPY pegs bridge Japanese currency exposure into DeFi, but the cohort should be read against local licensing, low-yield fiat benchmarks, and limited secondary liquidity.
Japanese Yen risk review starts with crypto backing and cefi governance, the largest categories in this cohort. 2 tracked coins in the cohort can be directly frozen or denylisted.
| # | Name | Price | Peg | Market cap | 24h | 7d | Grade | Peg Score | Liq | Blacklist | Mint Score | Backing | Type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Japanese Yen stablecoins at a glance
Registry facts for all 5 tracked Japanese Yen stablecoins, in registry order. These are design facts, not live data; the live table above carries market and risk figures.
| Stablecoin | Backing | Governance | Freeze capability | Launched | Chains |
|---|---|---|---|---|---|
| JPY Coin (JPYC) | Real-World Asset Backed | Centralized (CeFi) | Issuer can freeze | 2025 | 4 |
| Mento Japanese Yen (JPYm) | Crypto-Collateralized | CeFi-Dependent | Possible | 2025 | 2 |
| Convertible JPY Token (CJPY) | Crypto-Collateralized | Decentralized (DeFi) | Possible | 2023 | 1 |
| JPYSC (JPYSC) | Real-World Asset Backed | Centralized (CeFi) | Issuer can freeze | 2026 | 1 |
| Dephaser JPY (JPYT) | Crypto-Collateralized | CeFi-Dependent | Via collateral | 2024 | 2 |
Upcoming Japanese Yen stablecoins
Announced coins Pharos tracks before launch, with each issuer's launch phase and current target. See every launch on Upcoming stablecoins.
- EJPY (EJPY)Announced · target 2026
- Japan Megabank JPY Stablecoin (JPY-MEGABANKS)Announced · target 2027
- JPYdf (JPYdf)Launching soon · no target date set
Former Japanese Yen stablecoins
Frozen profiles and cemetery records for this peg, newest first.
How to use this directory
Treat the Japanese Yen cohort as a starting filter, then verify the live risk surfaces that move fastest: coverage, peg history, liquidity, reserves, and dependency exposure.
More stablecoin hubs
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