Japanese Yen Stablecoin JPYC Surpasses 200 Million Yen in Issuance

JPYC Inc. has announced that the cumulative issuance amount of the Japanese yen-denominated stablecoin 'JPYC' has surpassed 200 million yen. This milestone was achieved approximately 18 days after its official issuance on October 27. According to the data site 'JPYC Information Check-kun', as of November 14, the issuance volume by chain is: 42 million JPYC on Ethereum, 130 million JPYC on Polygon, and 35.7 million JPYC on Avalanche. JPYC employs a multi-chain design, where it is issued as independent balances on multiple blockchains. Each JPYC is backed by 1 yen, providing a stable electronic...