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Record sog_st_jpyc

JPYCJPYC

Also recorded as JPYC, JPYC stablecoin

Active

Lifecycle: Active
Issuance: Restricted
Reference target: Japanese yen
Primary organization: JPYC Inc.No additional recorded relationship
Launch: 2025-10-27
Redemption: Eligible Customers Only
Backing: Fiat and cash equivalents
Stabilization: Issuer redemption
Last review: 2026-06-15
Evidence: 3 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Japanese-yen stablecoin issued by registered funds transfer service provider JPYC Inc. through the JPYC EX issuance and redemption platform.

Name	JPYC
Symbol	JPYC
Aliases	JPYC, JPYC stablecoin
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_jpyc`
Route slug	`jpyc`
Record confidence	High
Last reviewed	2026-06-15

Name: JPYC
Symbol: JPYC
Aliases: JPYC, JPYC stablecoin
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_jpyc
Route slug: jpyc
Record confidence: High
Last reviewed: 2026-06-15

Record coverage

Section	Entries
Organizations	1
Sources	3
Reserve reports	1
Reserve components	2
Model-history events	1
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	2
Events	1

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: JPYC Inc.
Primary display role: Legal issuer
Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0
Relationship coverage: 1 recorded relationship

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
JPYC Inc.	Payment or e-money institution	Regulated payment or e-money institution	Japan	Legal issuer	Primary display	2025-10-27	Not yet recorded	Active relationship

Payment or e-money institution

JPYC Inc.

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Regulated payment or e-money institution
Jurisdiction: Japan
From: 2025-10-27
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: Japanese yen
Reference kind: Fiat
Comparison category: Japanese yen
Target value: Not yet recorded
Reference methodology: The current regulated JPYC is issued and redeemed one-to-one against Japanese yen.
Public backing model: Fiat and cash equivalents
Canonical backing types: Bank Deposits, Government Securities
Reserve component categories: Bank Deposits, Government Securities
Primary stabilization mechanism: Issuer redemption
Recorded model description: Fiat Backed Jpy Funds Transfer Stablecoin
Redemption / exit model: Eligible Customers Only
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: Current funds-transfer-service JPYC launched in October 2025; legacy prepaid JPYC products are not silently merged into this legal model.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Japanese-yen bank depositsBank Deposits · Official launch materials identify deposits as part of the reserve base.
Japanese government bondsGovernment Securities · Official launch materials identify Japanese government bonds as part of the reserve base.

Reserve profile

Disclosure status	Issuer and Regulatory Disclosures
Backing types	Bank Deposits, Government Securities
Summary	The current JPYC product is backed by Japanese-yen deposits and Japanese government bonds with assets preserved at or above issuance value.
As of	2026-06-15
Profile confidence	High

Disclosure status: Issuer and Regulatory Disclosures
Backing types: Bank Deposits, Government Securities
Summary: The current JPYC product is backed by Japanese-yen deposits and Japanese government bonds with assets preserved at or above issuance value.
As of: 2026-06-15
Profile confidence: High

Redemption profile

Current status	Eligible Customers Only
Settlement asset	JPY
Eligible parties	JPYC EX users who complete required identity verification and register a bank account and wallet address.
Retail access	Eligible Customers Only
Institutional access	Eligible Customers Only
Minimum amount	Platform and transaction dependent.
Fee	Banking, network, and platform terms may apply.
Settlement time	Issuer and banking processing dependent.
Regional limits	Japanese identity-verification and funds-transfer rules apply.

Current status: Eligible Customers Only
Settlement asset: JPY
Eligible parties: JPYC EX users who complete required identity verification and register a bank account and wallet address.
Retail access: Eligible Customers Only
Institutional access: Eligible Customers Only
Minimum amount: Platform and transaction dependent.
Fee: Banking, network, and platform terms may apply.
Settlement time: Issuer and banking processing dependent.
Regional limits: Japanese identity-verification and funds-transfer rules apply.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	JPYC Inc.	Reserve Disclosure	Bank Deposits, Government Securities	High

JPYC Inc.

Not yet recorded

Type: Reserve Disclosure
Assets covered: Bank Deposits, Government Securities
Record confidence: High

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Control events	Notes
Ethereum	Specific network recorded	ERC-20	Issuer- or institution-supported deployment	Issuer Native Fiat Token	Active	Active	No separate change state recorded	Issuer-native deployment	Canonicality recorded	Source-linked record; identifier not recorded	Identifier not recorded	Identifier not recorded	Not yet recorded	Not yet recorded	0	Initial current-JPYC deployment coverage; Avalanche and Polygon are documented but not normalized here.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

3 source identities · 3 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
JPYC and JPYC EX official launch Published 2025-10-24	JPYC Inc.	Official statement or announcement Canonical: Official Statement	Subject-controlled source	Primary source	Launch, One to One Jpy Exchange, Deposits and Government Bonds, Supported Chains, Launch Backing and Redemption	Archive index or wildcard	High
JPYC obtains funds transfer service registration Published 2025-08-18	JPYC Inc.	Official statement or announcement Canonical: Official Statement	Subject-controlled source	Primary source	Funds Transfer Registration, Registration Number, Issuer Identity, Regulatory Registration	Archive index or wildcard	High
JPYC Series B second close Published Not yet recorded	JPYC Inc.	Official statement or announcement Canonical: Official Statement	Subject-controlled source	Primary source	Active Status, Circulation Growth, Post Launch Operation, Current Operating Status	Archive index or wildcard	High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Legacy Prepaid Product Lineage	The relationship between current regulated JPYC contracts and earlier prepaid JPYC products is not fully normalized in this batch.	Unknown after review	High	2026-06-15
Complete Network and Contract Map	Official launch materials list Avalanche, Ethereum, and Polygon, but all current contract addresses and subsequent networks are not normalized here.	Unknown after review	Medium	2026-06-15

Legacy Prepaid Product Lineage

The relationship between current regulated JPYC contracts and earlier prepaid JPYC products is not fully normalized in this batch.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-15

Complete Network and Contract Map

Official launch materials list Avalanche, Ethereum, and Polygon, but all current contract addresses and subsequent networks are not normalized here.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-15

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2025-10-27JPYC launches as a regulated issuance and redemption stablecoinLaunch

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2025-10-27	JPYC launches as a regulated issuance and redemption stablecoin	Lifecycle review	Status Review	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.

Use these explainers to compare the legal, regulatory, reserve, redemption, or distribution questions connected to this record.

JPYC vs JPYSC

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