Japanese yen stablecoin JPYC marks its first anniversary, with cumulative issuance exceeding 12 billion yen.

on October 28, according to CoinPost, the Japanese yen stablecoin JPYC marked its one-year anniversary since issuance on October 27. Data from the issuer, JPYC Co., Ltd., shows cumulative issuance exceeding 12 billion yen, a circulating supply of approximately 3 billion yen, and over 28,000 registered accounts. More than 150 physical stores and e-commerce merchants have integrated JPYC payments, which are supported across four blockchain networks: Ethereum, Avalanche, Polygon, and Kaia.

In terms of partnerships, LINE NEXT’s Web3 wallet Unifi and the au PAY in-app wallet both support JPYC. Sony Bank has reached a preliminary consensus on business cooperation, and logistics company AZ-COM Marukawa Holdings plans to use JPYC to pay service fees to approximately 2,300 partner companies.