JPYC, a Japanese yen stablecoin, marks its first anniversary since issuance, with cumulative issuance exceeding JPY 12 billion

According to TechFlow, on October 28, citing CoinPost, Japan's yen stablecoin JPYC marked its first anniversary on October 27. Data from issuer JPYC Inc. shows that cumulative issuance exceeded JPY 12 billion, circulation stood at approximately JPY 3 billion, and the number of accounts opened surpassed 28,000. Currently, more than 150 brick-and-mortar stores and e-commerce merchants have integrated JPYC payments, covering four blockchains: Ethereum, Avalanche, Polygon, and Kaia.

In terms of partnerships, Unifi, the Web3 wallet under LINE NEXT, and the au PAY in-app wallet already support JPYC. Sony Bank has reached a basic agreement on business cooperation, and logistics company AZ-COM Maruwa Holdings plans to use JPYC to pay outsourcing fees to approximately 2,300 partner companies.

Source: TechFlow