Answers · Market overview
Which Japanese yen (JPY) stablecoins exist — JPYC and others?
Short answer
5 Japanese yen stablecoins in our data, together about $990,426 in circulation: JPYSC, JPYC, GYEN, CJPY, JPYM. All are tiny next to the dollar coins; check each issuer’s licence and reserve report before using one.
Stablecoins outside the US dollar are small, but they are how a Japanese yen holder pays or settles on-chain without a currency conversion. These are the JPY coins we found, with their size as published or read on chain.
Figures from our live dataset · data as of 2026-10-18 · not investment advice
Side by side
| JPYSC | JPYC | GYEN | CJPY | JPYM | |
|---|---|---|---|---|---|
| Liquidity | Traded on public markets — venues not verified | Traded on public markets — venues not verified | Traded on public markets — venues not verified | Traded on public markets — venues not verified | Traded on public markets — venues not verified |
| KYC to mint with the issuer | Not stated | Not stated | Not stated | Not stated | Not stated |
| KYC to buy on a market | Not stated | Not stated | Not stated | Not stated | Not stated |
| KYC to redeem | Not stated | Not stated | Not stated | Not stated | Not stated |
| Assets under management | $816,787 circulating | $132,709 circulating | $37,339 circulating | $2,959 circulating | $632 circulating |
| Jurisdiction | Japan | Japan | Japan | Japan | Japan |
More questions
Which of them can I buy without KYC?
None of them is stated as buyable without KYC.
Which is the largest?
By size, JPYSC at $816,787, followed by JPYC at $132,709 and GYEN at $37,339. Size is not safety, but a larger product usually means a deeper market to sell into.