JPY Coin v1 (JPYC)

JPYC Stablecoin Gains Traction, #Polygon Dominates Volume.

Meanwhile, Japan’s yen-backed stablecoin JPYC is gaining traction, signaling growing demand for localized digital currencies.

The token, issued by JPYC Inc. in October 2025, has generated $137 million in trading volume over the past six months. During this period, Polygon dominates usage, accounting for 66% of activity ($90.4 million), while Avalanche and Ethereum follow.

Polygon co-founder Sandeep Nailwal highlighted the milestone in a recent X post.

JPYC appears on Polygon as a case used for Japanese brick‑and‑mortar payments.

On‑chain, it has recorded about $90.4 million in volume, and its use in actual stores suggests it has entered the implementation phase of use cases.

It is a symbolic move showing stablecoins evolving from “investment assets” to “payment infrastructure.” https://t.co/JWL3L2Mylw

Wu said he learned that, according to @obchakevich_ data, since late October last year, the cumulative trading volume of Japan's stablecoin JPYC has reached $137 million, with $90.4 million on Polygon, $26.4 million on Avalanche, and $19.7 million on Ethereum. Polygon founder Sandeep said that some Japanese brick‑and‑mortar stores now support payments using JPYC on the Polygon network. https://t.co/JfsQ9CyRXY