Japan has officially entered the regulated stablecoin arena with the launch of JPYC, the nation’s first legally recognized yen-denominated stablecoin, issued by JPYC Inc.
The rollout coincides with the debut of the firm’s dedicated issuance and redemption platform, JPYC EX, enabling users to mint and redeem tokens directly through the company’s interface.
【⚙️メンテナンスのお知らせ】
本日12:30〜13:00の間、
JPYC EXサービスページ（https://t.co/0Uo9Y5bIXu） の公開準備に伴うメンテナンスを実施いたします。
メンテナンス終了後に、ぜひアクセスください。
新しいJPYC EXサービスページをお楽しみに！#JPYC #JPYCEX #メンテナンス情報— JPYC株式会社 (@jpyc_official) October 27, 2025
Registered under Japan’s Payment Services Act as a licensed fund transfer service provider, JPYC Inc. now operates under the oversight of the Financial Services Agency (FSA). The stablecoin is pegged 1:1 to the Japanese yen and fully backed by bank deposits and government bonds, ensuring a 100% reserve ratio that aligns with Japan’s strict financial compliance standards.
Initial blockchain support includes Avalanche, Ethereum, and Polygon, expanding JPYC’s interoperability across major ecosystems and enabling instant, low-cost on-chain transfers.
Through JPYC EX, verified users can purchase the stablecoin via bank transfers after completing Japan’s mandatory My Number (JPKI) identity verification. The same platform facilitates yen redemptions, allowing seamless on-and-off ramping between traditional finance and digital assets.
The launch marks a milestone for Japan’s fintech sector, representing a critical bridge between regulated banking infrastructure and decentralized blockchain finance. By combining strict reserve transparency with blockchain efficiency, JPYC positions itself as a model for compliant stablecoin issuance in Asia, one that could accelerate Japan’s transition toward a fully integrated digital currency economy.