JPYSC is a fiat-backed Japanese yen stablecoin. It has about $1.0M in circulation, ranking #189 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
JPYSC price
¥1.0025
On peg Circulating supply
$1.0M
30-day change
+29.5%
Price
¥1.0025
Blockchains
1
Tracked since
Jul 2026
What is JPYSC?
JPYSC is a fiat-backed Japanese yen stablecoin. It has about $1.0M in circulation, ranking #189 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: JPYSC is a trust-type Japanese yen stablecoin issued by SBI Shinsei Trust & Banking under Japan's Electronic Payment Instruments framework, in partnership with Startale Group. Each JPYSC is fully backed 1:1 by Japanese yen held in trust.
JPYSC supply history
$169M$0
Jul 22, 2026Nov 5, 2026
$169M$0
Jul 22, 2026Nov 5, 2026
JPYSC supply grew 29.5% over the past 30 days, to $1.0M. Its peak was $164M in November 2026, and supply is 99% below that high.
Is JPYSC holding its peg?
Last price
¥1.0025
Target
1.0000 JPY
Status
On pegJPYSC is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where JPYSC lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all JPYSC. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How JPYSC is backed
Each JPYSC is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: JPYSC is minted by SBI Shinsei Trust & Banking when Japanese yen is entrusted to the issuing trust, and redeemed 1:1 for yen through the trust; issuance and redemption are centrally controlled by the licensed trust bank.
JPYSC risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Small and thinly traded
With $1.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
JPYSC vs USDT and USDC
JPYSC in the news
Gumi and SBI Launch $18.32M ‘SBI Crypto Fund I’ on August 1, Targeting Bitcoin and Major Altcoins
SBI Holdings Completes Majority Stake in Singapore’s Coinhako After MAS Clears Deal
Ondo Finance and SBI Group Partner to Tokenize Japanese Stocks, Settling Trades in Yen Stablecoin JPYSC
JPYSC FAQ
What is JPYSC?
JPYSC is a fiat-backed Japanese yen stablecoin. It has about $1.0M in circulation, ranking #189 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is JPYSC pegged 1:1 to the japanese yen?
JPYSC targets 1 JPY. At the last update it traded at ¥1.0025, a deviation of +0.25%, which we classify as "on peg".
What backs JPYSC?
JPYSC is a fiat-backed stablecoin. Each JPYSC is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is JPYSC on?
JPYSC is live on 1 blockchain. The largest by supply are Ethereum ($164M).
How much JPYSC is in circulation?
About $1.0M of JPYSC was in circulation at the last update, +29.5% over 30 days. That makes it the #189 stablecoin by supply among those we track.
Is JPYSC safe?
No stablecoin is risk-free. As a fiat-backed design, JPYSC's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.