Yen stablecoin

JPYC

2026-09-29 12:05:34

JPYC starts refunds for non-compliant deposits on JPYC EX

JPYC, the issuer of a yen-denominated stablecoin, said its affiliated JPYC EX platform is handling transactions and user inquiries dating back to Sept. 17. The company said it has already begun sending refund guidance emails to users in cases that did not meet platform rules, including direct deposits made without a reservation, deposits with mismatched amounts, and transactions canceled after funds were sent. JPYC added that other transactions and inquiries still marked as under review are being checked and processed one by one. The update was cited by Techub News, with Wu Blockchain noted in the source item.

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JPYC

2026-09-19 17:30:43

JPYC briefly rose above 3 yen after listing on Upbit as supply topped 4.2 billion yen in 48 hours

JPYC, described in the source report as Japan’s first licensed yen stablecoin, began trading on South Korea-based cryptocurrency exchange Upbit on Sept. 17. The JPYC/KRW pair opened at a reference price of 8.81 won, then climbed to 35.7 won and later touched roughly 37 won at the high, equivalent to more than 3 Japanese yen. At the same time, JPYC’s supply expanded quickly. The token minted 1.687 billion yen on the day of listing, and its circulating supply rose from about 1.9 billion yen to more than 4.2 billion yen within roughly 48 hours. After the newly minted supply entered the market, the token’s price gradually moved back toward its 1:1 peg with the Japanese yen. The figures and listing details were cited by Odaily, which referenced Bitcoin.com News.

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JPYC

2026-09-19 17:31:49

JPYC jumps after Upbit debut before supply expansion pulls it back toward peg

JPYC, described by ChainCatcher as Japan’s first licensed yen stablecoin, started trading on South Korean crypto exchange Upbit on Sept. 17. The JPYC/KRW pair opened at a reference price of KRW 8.81, then climbed sharply to KRW 35.7 and later touched about KRW 37, equivalent to more than JPY 3. On the same day, JPYC minted JPY 1.687 billion. Over roughly 48 hours, its circulating supply rose from about JPY 1.9 billion to more than JPY 4.2 billion. After the new supply entered the market, the token’s price gradually moved back toward its 1:1 yen peg. The move highlights how early trading in a newly listed stablecoin can diverge from its intended reference value before issuance catches up with demand.

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JPYC

2026-09-18 09:17:25

JPYC Spiked to 4.2 Yen After Listing on Upbit Before Sliding Back Near Peg

JPYC, a Japanese yen stablecoin regulated as an electronic payment instrument under Japan’s Payment Services Act, briefly traded far above its intended value after listing on South Korea’s Upbit on Sept. 17. The token opened at 12 won and climbed to 37.6 won within less than 90 minutes, equal to about 4.2 yen based on the day’s exchange rate of roughly 8.86 won per yen. It later fell back to 8.88 won, close to its 1 yen target. The price move came as Upbit initially allowed deposits only on Ethereum, where on-chain data cited by CoinPost showed just about 133 million JPYC, or 7% of the roughly 1.9 billion supply, was available before the listing. Upbit later added Polygon and Kaia deposits at 5:44 p.m. Taipei time, and the token retreated after peaking at 6:23 p.m. JPYC Info showed circulating supply jumped from about 1.896 billion on Sept. 16 to about 4.258 billion a day later, suggesting arbitrage activity as traders minted the token in Japan at 1 yen and sold it into the Korean market. JPYC briefly halted mint reservation requests on Ethereum and Polygon that evening before restoring both services. PayPal’s PYUSD, which also listed on Upbit the same day, saw a similar short-lived premium.

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Japan FSA

2026-08-24 23:18:44

Japan FSA May Ease Yen Stablecoin Trading Rules, Raising Personal Cap Above 1 Million Yen

Techub News said Japan’s Financial Services Agency plans to include a proposal in its upcoming tax reform request that would ease trust-based regulation for yen stablecoins. The move is intended to simplify transaction procedures and support circulation. The report also said the personal trading cap could be relaxed to above the current de facto 1 million yen limit. Nikkei reported the news on Aug. 24, and the FSA’s tax reform request has not been formally released yet.

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JPYC

2026-08-06 07:05:31

JPYC Raises ~6 Billion Yen in Series B Extension for Yen Stablecoin Push

Japan's yen stablecoin issuer JPYC announced on August 6 that it completed a Series B extension round, adding roughly 6 billion yen in new funding. The capital will go toward expanding financial and Web3 ecosystems and accelerating real-world adoption of the JPYC stablecoin. Logistics firm AZ-COM Maruwa Holdings joined the round. JPYC is currently live on Avalanche, Ethereum, Polygon and Kaia.

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SBI

2026-07-24 04:45:15

SBI Reveals Yen Stablecoin JPYSC With Q2 2026 Launch Target

SBI Holdings and Startale Group have introduced JPYSC, a trust bank-backed yen stablecoin set for a Q2 2026 launch pending regulatory approval.

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Japan banks

2026-07-23 07:05:14

Japan’s Top Three Banks Prepare Joint Stablecoin Targeting Launch by March

MUFG, SMBC, and Mizuho are forming a council to prepare a joint stablecoin project. Japan’s regulators and ruling party have already signaled support, while yen-backed stablecoins remain a very small part of the global market.

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