## What Is JPY Coin(JPYC)?

JPY Coin is a Japanese Yen [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin)  which is supposed to be pegged to JPY at 1:1.  JPYC is regarded as an Prepaid Payment Instruments legally in Japan. It was launched in January 2021.JPY Coin has since then grown into a multi-million dollar issuance project in less than half a year. 

JPY Coin is a stablecoin that is handled by Prepaid Payment Instruments administered by JPYC.inc, a platform for tokenizing real-world assets.


### Who Are the Founders of JPY Coin?

JPY Coin’s founder and CEO is Noritaka Okabe who has been an entrepreneur since 21 years ago.


#### What Makes JPY Coin Unique?

First of all, there was no convenient Japanese yen stable coin in the market before JPYC came into existence. JPYC is a project for Japanese users to get in and out of the cryptocurrency world. 

The reason why Japanese stable coin was there is because Japanese laws and regulations make it hard to issue any kind of Japanese yen stable coin. We have invented this way to issue a stable coin as a prepaid payment method. 


#### How Many JPY Coin (JPYC) Coins Are There in Circulation?

There were around 350 million JPY Coin in circulation as of May 2022. 
There are two versions of JPYC available in the market: version 1 and version 2. It is because JPYC is transitioning to version 2 now.  


### How Is the JPY Coin Network Secured?

JPYC is a centralized Japanese yen stable coin project just like USDC and USDT in the dollar stable coin field. And JPYC.Inc is fully complied with Japanese law and [invested by some famous venture capitals, including Circle Ventures](https://jpyc-blog.medium.com/jpyc-inc-completed-500-million-series-a-funding-round-from-circle-ventures-headline-asia-and-202959a418dc). 

JPYC is also backed by Japanese yen according to Japanese Fund Settlement Law. 

The smart contracts of JPYC were audited. These are the [audit reports](https://jpyc.gitbook.io/jpyc/developer/jpyc-v2/audit-reports). 


### Where Can You Buy JPY Coin (JPYC)?

You can buy JPYC at JPYC Apps on our website.And also you can use JPYC to get a Visa prepaid card,etc to do the payments in real life.

You can also buy or provide liquidity using JPYC through DEXes, e.g. uniswap, quickswap, curve, etc.

JPY Coin

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