JPY Coin v1 (JPYC)
CryptoScore Pro global score : 58/100 (computed on 2026-10-30)
JPY Coin v1 (JPYC) is a yen-pegged stablecoin issued as an ERC-20 token on the Ethereum blockchain, designed to provide Japanese yen stability within decentralized finance (DeFi) ecosystems. Unlike dollar-backed stablecoins such as USDC or USDT, JPYC targets users in Japan and international markets seeking exposure to the yen without traditional banking intermediaries. Its primary utility lies in enabling low-cost, borderless transactions, cross-border remittances, and DeFi applications where yen stability is preferred over dollar-denominated assets. The project positions itself as a bridge between traditional finance and blockchain-based systems, addressing a gap in the stablecoin market where yen-backed options remain scarce despite Japan’s status as the world’s third-largest economy. Technologically, JPYC operates as a fully collateralized stablecoin, with each token backed 1:1 by Japanese yen held in reserve by the issuing entity. The smart contract, deployed on Ethereum in January 2021, is non-upgradeable and lacks proxy functionality, reducing the risk of administrative interference but also limiting future adaptability. JPYC has expanded its reach beyond Ethereum, with…
Scores by pillar
| Technology | 53/100 |
|---|---|
| Tokenomics | 73/100 |
| Team | 62/100 |
| Adoption | 49/100 |
| Liquidity | 31/100 |
| Compliance | 75/100 |
Market data
| Price | $0.008915 |
|---|---|
| Market cap | $22.00M |
| 24h volume | $345.81 |
| Market cap rank | #862 |
| 24h change | -2.65% |
| 7d change | +7.78% |
| Blockchain | Ethereum |
| Sector | Ethereum (ETH) Token (ERC-20) |
Analysis
JPYC serves as a bridge between the yen and decentralized finance. This stablecoin, a token whose value is stable, uses full 1:1 collateral on Ethereum. Its contract is not upgradeable, which freezes its code. The token facilitates cross-border transfers and exposure to the yen without banks.