Price change (24h):
3.56%
High (24h):
$0.00774162
Low (24h):
$0.00740998
Volume (24h):
$204.19
Market Cap:
$19.49M
All Time High:
90.69% $0.08
Sep 22, 2025
All Time Low:
723% $0.00
Mar 26, 2025
6.22 %(1Y)
$0.00741108
Price change (24h):
3.56%
High (24h):
$0.00774162
Low (24h):
$0.00740998
Volume (24h):
$204.19
Market Cap:
$19.49M
All Time High:
90.69% $0.08
Sep 22, 2025
All Time Low:
723% $0.00
Mar 26, 2025
JPY Coin V2 (JPYC) is a cryptocurrency launched in 2022. It operates as a fiat-backed stablecoin hard-pegged to the Japanese Yen, occupying the narrow but critical niche of yen-denominated digital cash across multiple smart contract ecosystems.
The token’s core utility lies in removing friction from yen transfers on public blockchains. Rather than relying on bank-mediated forex windows, holders can instantly settle transactions with a token that mirrors the yen’s value directly on-chain, a design that proves particularly useful for DeFi protocols hungry for non-USD stable exposure and for Japanese merchants seeking instant finality.
JPY Coin V2 operates on the Ethereum network. Its footprint, however, extends far beyond a single chain—deployments on Avalanche, Polygon, Gnosis Chain, and Astar transform it into a multi-chain liquidity primitive accessible through bridged token contracts.
The asset strictly adheres to EVM compatibility, implemented as an identical ERC-20 interface across all supported networks. The Polygon position leverages the standard derivative of that specification, the Gnosis instance lives on xDai, and the Avalanche variant exists as an AVAX-native token, yet all smart contracts originate from the same audited codebase, reducing integration risk.
The project was initiated by a Japan-based team with no single public founder, marking a collective push to digitize the yen in a compliant manner. Its mainnet debut on May 21, 2022 arrived amid a broader stablecoin diversification wave. Backing from Circle Ventures—as confirmed by the portfolio tag—signals a strategic alignment with major dollar-stablecoin infrastructure and regulatory posture.
The broader ambition centers on embedding the world’s third-largest fiat currency directly into the fabric of decentralized finance. By maintaining a strict 1:1 yen peg, the protocol intends to unlock lending markets, derivatives settlement, and automated market-making for a currency that had previously sat almost entirely outside permissionless smart contract rails.
Each JPYC token functions as an on-chain claim on an equivalent Japanese Yen held in reserve, with the smart contract orchestrating minting upon verified fiat deposit and immolating tokens upon redemption. Gas fees on the host chain—whether Ethereum, Avalanche, or Polygon—are settled in the native asset of that network, while JPYC itself serves purely as the transacting currency and stable unit of account.
Validators and liquidity providers use JPYC as a volatility hedge without exiting the crypto rails, while algorithmic market makers quote it against volatile assets in yen-denominated pools. Enterprises can settle cross-border invoices on Polygon with block time speed, and individual users move yen value across supported chains at a fraction of traditional remittance latency.
JPY Coin V2 has a maximum supply of 2,140,000,000 tokens. Currently, 2,630,000,000 tokens are in circulation. With a market capitalization of $19,737,671, JPY Coin V2 ranks #868 among all cryptocurrencies.
| Date | Open | Close | High | Low |
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| 08/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 07/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 06/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 05/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 04/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 03/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 02/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 01/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
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