JPY Coin v1 (JPYC) frozen stablecoin archive
JPYC v1 is the legacy prepaid-payment yen token series from JPYC Inc., predating the funds-transfer-token migration to the current JPYC contracts.
Static Profile
Static stablecoin profile
JPY Coin v1 (JPYC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Japanese Yen.
AI summary / Updated May 15, 2026
Legacy prepaid-payment yen token series predating JPYC's funds-transfer-token migration; retained only for discovery and validation. JPY Coin v1 is the older JPYC token series, separate from the current JPYC deployment already tracked by Pharos. It is backed by yen-denominated...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Japanese-yen reserve assets held for the legacy prepaid-payment JPYC v1 token series
- Peg Mechanism
- Prepaid-payment instrument under Japan's Payment Services Act: yen deposited in advance is issued 1:1 as JPYC v1 tokens backed by JPYC Inc. yen reserves. Tokens are non-refundable to cash by design and usable only for payments and free balance transfers; new issuance ended 1 June 2025 ahead of migration to the redeemable funds-transfer-token JPYC.
- Jurisdiction
- Japan / FSA
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is JPYC safe?
JPY Coin v1 is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Centralized (CeFi) governance model, Real-World Asset Backed backing, curated reserve profile, and notes that freeze or administrative control exposure is possible but not fully confirmed.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated May 15, 2026.
JPYC quick answers
What is JPY Coin v1 (JPYC)?
JPYC v1 is the legacy prepaid-payment yen token series from JPYC Inc., predating the funds-transfer-token migration to the current JPYC contracts. The static profile records its Japanese Yen peg mechanism as: Prepaid-payment instrument under Japan's Payment Services Act: yen deposited in advance is issued 1:1 as JPYC v1 tokens backed by JPYC Inc. yen reserves. Tokens are non-refundable to cash by design and usable only for payments and free...
Is JPYC safe?
JPY Coin v1 is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Centralized (CeFi) governance model, Real-World Asset Backed backing, curated reserve profile, and notes that freeze or administrative control exposure is possible but not fully confirmed.
What backs JPYC?
Pharos classifies JPYC backing as Real-World Asset Backed. Collateral, per the static profile: Japanese-yen reserve assets held for the legacy prepaid-payment JPYC v1 token series Reserve evidence: curated reserve profile.
Can JPYC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. JPYC is a frozen Pharos archive; the recorded history below is read-only.