JPY Coin

JPYC began in 2021 as prepaid payment value. It moved between wallets and could buy designated goods, yet the issuer did not offer cash redemption.

The company later renamed that lineage JPYC Prepaid. Those tokens remain separate: their older contracts, legal claim and exit do not become the new JPYC merely because the ticker looks familiar.

On 18 August 2025 JPYC Inc. entered the FSA register as Kanto No. 00099. The new token launched on 27 October as an Electronic Payment Instrument.

A verified JPYC EX customer could now send yen to issue at par or surrender JPYC for yen to a registered bank account. Regulation created a defined issuer route; it did not make every wallet anonymous at the cash boundary.

Ethereum, Polygon, Avalanche and Kaia use the same hexadecimal address. Chain ID therefore forms part of the asset identity even when a wallet displays the same symbol.

On 5 September 2026 the four supplies were 1.113B, 3.761B, 0.432B and 3.5B. Their exact sum was 8,805,482,436.95474 JPYC.

These are separate minted balances, not wrapped copies proven by a bridge reserve. Cross-chain supply means addition, while movement between chains requires burning and minting or issuer coordination.

JPYC Inc. says deposits and Japanese government bonds exceed 100% of issued value. The assets are legal and banking records, while token supply is visible block by block.

A public, independent report tying every bank balance and security to all four supplies at one timestamp was not located. Registration and a reserve statement answer different evidence questions.

At review all deployments were live, unpaused, pointed to the same implementation and returned the same owner. There is no fixed supply cap.

The code gives issuer roles power to mint within allowances, burn, pause activity, block addresses, rescue misplaced tokens and upgrade logic. Holder voting does not appoint those roles.

JPYC EX describes one-yen issuance and redemption after reservation, identity verification and use of registered accounts. A secondary holder may need to become eligible or use someone who is.

Onchain markets can trade above or below one yen, and transaction or banking delays remain possible. The token carries no interest, deposit insurance or share in JPYC Inc.

Fake tokens appeared immediately after launch, prompting the issuer to publish addresses. The strongest check is chain ID plus contract address, not logo or ticker.

The same discipline separates regulated JPYC from JPYC Prepaid. One can be redeemed through JPYC EX; the company expressly declines to exchange the two products.