The JPYC stablecoin is designed to maintain a 1:1 peg to the Japanese yen and operates on blockchains including Avalanche. The company backs all issued JPYC with 100% reserves held in yen deposits and government bonds, following regulations under Japan's Payment Services Act.
The JPYC stablecoin is designed to maintain a 1:1 peg to the Japanese yen and operates on blockchains including Avalanche, Ethereum, and Polygon. The company backs all issued JPYC with 100% reserves held in yen deposits and government bonds, following regulations under Japan's Payment Services Act.