JPYC (JPY Coin) is a stablecoin pegged 1:1 to the Japanese yen (JPY) and designed to facilitate on-chain payments and value transfers. It is issued by the Japanese company JPYC Inc., which is a money transfer service provider under Japan’s Payment Services Act.As a non-custodial asset, JPYC allows users to manage their funds directly through compatible wallets without relying on centralized intermediaries.
How to Buy and Sell JPYC
Buying and selling JPYC is primarily done through the following methods:
- Decentralized Exchanges (DEX): This is the most common way to buy and trade JPYC. Users typically need to first purchase other major stablecoins (such as USDC or USDT) and then exchange them for JPYC via a DEX. Common DEXs include Uniswap V4 (Polygon), Uniswap V4 (Ethereum), and Uniswap V3 (Polygon), among others.
- Centralized Exchanges (CEX): Some centralized exchanges also support JPYC trading, though purchases are typically not made directly with fiat currency. For example, LBank supports purchasing JPYC via credit cards, debit cards, bank transfers, Apple Pay, Google Pay, PayPal, and P2P transactions. Phemex also supports purchasing JPYC via credit cards, debit cards, bank transfers, and third-party payment providers.
- Web3 wallets with built-in DEX functionality: For example, the Binance Web3 wallet allows users to connect to decentralized exchanges and securely swap thousands of tokens, including JPYC. Bitget Wallet’s BGW Swap also offers a fast and convenient way to purchase JPYC.
- Aggregator platforms: Aggregator platforms such as Swapzone help users compare rates across different exchanges and select the best quote for trading JPYC.
- Specific platforms: The Picnic platform also supports the purchase of JPYC. Users can register an account, fund it (e.g., via Pix), and search for JPYC to make a purchase.
Before purchasing JPYC, users typically need to first register for an exchange account and complete identity verification (KYC), then select a suitable payment method (such as bank transfer, credit/debit card, or P2P trading) to deposit funds into their account before proceeding with the exchange.
On which exchanges is JPYC listed?
JPYC is primarily traded on decentralized exchanges (DEXs). According to CoinGecko data, the most popular DEX for trading JPYC is Uniswap V4 (Polygon), where the USDC/JPYC trading pair sees the highest trading volume.Other popular options include Uniswap V4 (Ethereum) and Uniswap V3 (Polygon).
In addition, some centralized exchanges also support JPYC trading, such as:
- LBank: Supports JPYC trading and offers multiple payment methods.
- Phemex: Supports the purchase of JPYC v1.
- Coinbase: Although JPYC is not directly listed on the centralized exchange at Coinbase, U.S. users can buy, sell, and manage JPYC through the decentralized exchange (DEX) at Coinbase.
It is worth noting that JPYC is typically not traded directly against fiat currency but is exchanged via stablecoins (such as USDC or ETH). The Binance exchange is expected to launch the JPYC ($JPY) / LPT trading pair on July 10, 2025.
Users can visit cryptocurrency price tracking websites like CoinGecko to view the latest price, market cap, trading volume, and other information about JPYC, as well as to see a list of exchanges that support JPYC trading.
