Dephaser JPY (JPYT) stablecoin analytics
JPYT is DePhaser's yen stablecoin, minted by locking USDT on Optimism or USDC on Base against a yen FX oracle, with collateral returned on redemption.
Static Profile
Static stablecoin profile
Dephaser JPY (JPYT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Japanese Yen.
AI summary / Updated May 15, 2026
Algorithmic yen on Base/Optimism minted against locked USDT/USDC using an FX oracle; thin liquidity, high-dependency collateral. JPYT is Dephaser's yen-pegged token on Base and Optimism. CoinGecko describes the design as an algorithmic JPY stablecoin backed by locked USDT...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- USDT (Optimism) and USDC (Base) deposited by users to mint JPYT; locked collateral is automatically transferred into Aave for safekeeping rather than held directly by DePhaser, backing JPYT against the yen
- Peg Mechanism
- Users lock USDT (Optimism) or USDC (Base) to mint JPYT priced off real-time USD/JPY rates from Chainlink and Pyth oracles; the deposited collateral is routed into Aave, and redemption burns JPYT to return the underlying USDT or USDC
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is JPYT safe?
Pharos does not mark JPYT as absolutely safe. Static metadata says Dephaser JPY uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety jpyt-dephaser
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
JPYT quick answers
What is Dephaser JPY (JPYT)?
JPYT is DePhaser's yen stablecoin, minted by locking USDT on Optimism or USDC on Base against a yen FX oracle, with collateral returned on redemption. The static profile records its Japanese Yen peg mechanism as: Users lock USDT (Optimism) or USDC (Base) to mint JPYT priced off real-time USD/JPY rates from Chainlink and Pyth oracles; the deposited collateral is routed into Aave, and redemption burns JPYT to return the underlying USDT or USDC
What backs JPYT?
Pharos classifies JPYT backing as Crypto-Collateralized. Collateral, per the static profile: USDT (Optimism) and USDC (Base) deposited by users to mint JPYT; locked collateral is automatically transferred into Aave for safekeeping rather than held directly by DePhaser, backing JPYT against the yen Reserve evidence: curated reserve profile.
Can JPYT be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for JPYT, when applicable, appear in the dossier below.