Stablecoin information
JPYSC is a trust-type Japanese yen stablecoin issued by SBI Shinsei Trust & Banking under Japan's Electronic Payment Instruments framework, in partnership with Startale Group. Each JPYSC is fully backed 1:1 by Japanese yen held in trust.
Category:fiat-backed
Minting and Redemption
JPYSC is minted by SBI Shinsei Trust & Banking when Japanese yen is entrusted to the issuing trust, and redeemed 1:1 for yen through the trust; issuance and redemption are centrally controlled by the licensed trust bank.
Audits:No
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +1.63% | +1.75% | +1.65% | 20.391b |