JPYC

Stables

Copy link
Share on X

Claim company
Report company

Description

JPYC (JPYCoin) is a stablecoin pegged 1:1 to the Japanese yen, operating on the Ethereum and Polygon blockchains. Designed to bridge traditional fiat with the crypto economy, it offers the stability of JPY while leveraging blockchain flexibility. Aside from enabling seamless transactions, JPYC supports e-commerce, remittances, and transactions across multiple active markets, indicating robust adoption within and potentially beyond Japan. Launched initially in 2021 with version updates in 2022, JPYC is integrated into decentralized financial ecosystems, compatible with wallets like Metamask and platforms such as Uniswap. Despite its stablecoin status, JPYC experiences minor price fluctuations, signaling active engagement. Its strategic blockchain deployment ensures wide accessibility and security, promoting broader utility in the web3 space. Further details can be explored on their official website.

Socials

Similar companies

Convertible JPY Token

CJPY is a decentralized, ETH-backed stablecoin pegged to JPY, issued on Yamato Protocol by DeFiGeek Community Japan, offering high collateral efficiency, no accrued interest, and non-forced liquidation.

JC Coin

JC Coin is an Ethereum-based ERC-20 token leveraging hybrid centralization and decentralization to provide comprehensive financial services.

PayPal USD

PayPal USD (PYUSD) is a stablecoin on Ethereum, pegged 1:1 with the US dollar, aimed at enhancing digital payments within PayPal's ecosystem, ensuring secure and efficient transactions.

USDJ

USDJ is a TRON-based decentralized stablecoin, leveraging smart contracts for stability and transparency within the JUST Platform ecosystem.

Z.com Stablecoin

Currency for the Future.

JD Coin

JD Coin offers a unique approach in the cryptocurrency market with a capped supply of 84 million coins, focusing on long-term value appreciation and empowering its community.

YUSD Stablecoin

YUSD Stablecoin (YUSD) is a decentralized stablecoin on the Avalanche C-Chain, facilitating liquidity and DeFi participation through Yeti Finance.

Yama Finance

Multiply your yield.

PUSD_Polyquity

PUSD by PolyQuity is a decentralized stablecoin on Polygon for staking Matic to mint PUSD and facilitate loans.

JP

JPToken offers a low-tax crypto with 5-10% of ad revenue going back into the ecosystem, also providing a skillshare platform for enhanced utility.

StablePay

StablePay is a decentralized platform facilitating secure, stablecoin transactions to combat crypto volatility. It offers DeFi services like yield farming, enhancing the crypto ecosystem's liquidity and stability.

JPGoldCoin

JPGoldCoin is a pioneering cryptocurrency backed by physical gold, offering stable and appreciating asset value.

FAQ

Why choose JPYC over other stablecoins?

JPYC offers a unique advantage by directly pegging to the Japanese Yen, catering specifically to users needing stability tied to the Yen. Unlike other stablecoins pegged to the US Dollar or Euro, JPYC provides a fiat currency alternative that may benefit individuals and businesses transacting with Japanese entities. Additionally, its operation on both Ethereum and Polygon ensures broad accessibility and integration with DApps and exchanges, enhancing its utility in the web3 space.

What is JPYC and how does it function?

JPYC, or JPYCoin, is a stablecoin designed to operate on the Ethereum and Polygon blockchains, pegged 1:1 to the Japanese Yen. It aims to facilitate seamless transactions that merge the stability of traditional fiat currency with the flexibility of blockchain technology. JPYC leverages smart contracts to ensure transparency and security, supporting various use cases like e-commerce and remittances. This makes it an effective means for transactions and savings, minimizing cryptocurrency volatility exposure.

How does JPYC ensure stability and security?

JPYC ensures stability by maintaining a 1:1 peg with the Japanese Yen, offering a stable medium of exchange and maintaining parity with traditional fiat currency. Security is achieved through the use of smart contract technology on the Ethereum and Polygon blockchains. These smart contracts provide transparency and safeguard transactions, thereby allowing users to engage in digital exchanges with confidence, whether they are dealing in e-commerce or remittances.

What are the key use cases for JPYC?

JPYC is designed for multiple use cases including e-commerce, remittances, and as a payment method for goods and services. It is particularly valuable for individuals and businesses looking to execute transactions with the stability of the Japanese Yen. Moreover, JPYC is beneficial for deployment in decentralized applications (DApps) across Ethereum and Polygon, ensuring its wide applicability in various digital transaction scenarios.

How can JPYC minimize exposure to crypto volatility?

By being a stablecoin pegged to the Japanese Yen, JPYC minimizes exposure to price volatility typical of other cryptocurrencies. This 1:1 parity with the Yen allows users to benefit from the blockchain's efficiency without suffering from the unpredictable swings seen in other digital currencies. It provides a stable payment solution which is ideal for savings, transactions, and potentially hedging strategies against market fluctuations.

Where can I trade or use JPYC?

JPYC can be traded across numerous active market platforms, with availability on decentralized exchanges like Uniswap and storage in digital wallets such as Metamask. As a stablecoin on Ethereum and Polygon, JPYC sees dynamic trading volumes and is actively traded within these markets, providing users a reliable medium of exchange coupled with blockchain benefits. For more information, users can visit the official JPYC website.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags