• JPYC Inc. introduced Japan’s first yen-backed stablecoin and a dedicated issuance platform.
• The coin is fully backed by bank deposits and government bonds.
• It’s supported on Avalanche, Ethereum, and Polygon with plans for further expansion.

Tokyo-based JPYC Inc. has officially launched Japan’s first yen-denominated stablecoin, marking a significant milestone for the country’s digital finance sector.

The launch coincides with the rollout of its issuance and redemption platform, JPYC EX, which went live on October 27, 2025.

The company, registered as a “Funds Transfer Service Provider” with the Kanto Local Finance Bureau, confirmed that the stablecoin will maintain a 1:1 peg with the Japanese yen and is fully backed by deposits and government bonds.

The asset is categorized as an electronic payment instrument under Japan’s Payment Services Act, ensuring regulatory compliance and consumer protection.

Its blockchain compatibility includes Avalanche, Ethereum, and Polygon, enabling users to conduct instant and low-cost transactions across multiple networks.

JPYC EX serves as the central hub for issuance and redemption, offering users a seamless process for converting yen to JPYC and vice versa through verified accounts.

Also Read: Ripple Unveils 5 Global Priorities to Make Stablecoins Truly Borderless

Major Firms Join JPYC’s Expanding Network

The JPYC ecosystem has already seen immense adoption from existing businesses and technology platforms. Densan System Co., Ltd. is set to include the stablecoin in its national payment system, consisting of more than 65,000 stores, including convenience stores and drug stores.

The integration will facilitate quick payments for B2B and B2C transactions. The company, Asteria Corporation, is incorporating support for the stablecoin in its corporate software “ASTERIA Warp,” currently used by more than 10,000 firms for no-code automation of various workflows.

This will enable firms to automate fund transfers and fully integrate the concept of blockchain payments. HashPort Inc., a company that specializes in digital wallet services, will integrate the stablecoin in its “HashPort Wallet,” targeted at reaching 700,000 subscribers.

Equally, firms such as Nudge Inc., U2TECH, and CryptoLink are launching JPYC in their financial and creativity domains, from credit card transaction payments to reward payments for manga artists and for managing profit/loss for crypto traders.

Ambitious Goal to Reach 10 Trillion Yen in Circulation

JPYC Inc.’s vision is to transform the Japanese payments system through the use of open-access technology.

The company’s JPYC SDK helps developers integrate stablecoin payments inside apps using fewer lines of code. This open model encourages innovation across industries, from retail and e-commerce to financial services.

Looking forward, it is expected that the company will extend the scope of JPYC to other blockchains and improve circulation.

The company’s vision for the future is to reach a balance of 10 trillion yen within three years, paving the way for its revolutionary financial ecosystem.

The combination of the benefits and characteristics of yen will surely bring a paradigm shift to digital payments in both domestic and international markets by JPYC.

Also Read: Ripple USD (RLUSD) Reaches $900 Million as Brale Brings Regulated Stablecoins to XRP Ledger