JPYC EX Issuance and Redemption Platform Surpasses 19,000 Accounts and 3 Billion JPY in Total Issuance

JPYC Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Noritaka Okabe) is pleased to announce that its issuance and redemption service for the Japanese Yen stablecoin 'JPYC', known as 'JPYC EX', has surpassed 3 billion JPY in total issuance and reached 19,000 cumulative accounts (as of May 30, 2026). JPYC EX continues to grow steadily with the goal of providing an environment where everyone can safely use Japanese Yen stablecoins. JPYC EX serves as an infrastructure that allows for the issuance and redemption of the JPY-pegged stablecoin 'JPYC' in compliance with legal regulations. Since the service's inception, it has been utilized by a diverse range of entities, including individual users, startups, existing businesses, and web3-related projects, leading to its growth to 19,000 accounts and over 3 billion JPY in total issuance. Furthermore, a recent major update improved convenience by relaxing the issuance limit rule from '1 million JPY per day' to '1 million JPY per transaction,' allowing for greater flexibility in large-scale transactions and rapid fund transfers. Additionally, support has been added for the 'Kaia' chain, which is supported by the next-generation web3 wallet 'Unifi' available on LINE. This enables access to a vast user base both domestically and internationally through the LINE ecosystem, which is deeply integrated into daily life, and is expected to lead to further awareness and a dramatic increase in issuance volume. JPYC's use cases are steadily expanding into practical and concrete areas, including online and physical store payments, incentive distribution in campaigns, combinations with points, and proof-of-concept experiments for new blockchain-based services. As a result, JPYC is gaining presence as a 'digital yen with suppressed price volatility' in use cases that prioritize practicality. With the accumulation of these diverse use cases, JPYC's circulation is steadily expanding, and collaboration with related services and partners is progressing. JPYC, with its price stability as a Japanese Yen stablecoin and transparency in issuance and redemption, is increasingly recognized as a financial infrastructure capable of withstanding practical use. JPYC EX functions as the foundation for issuance and redemption that supports this expansion, contributing to the development of an environment where JPYC is continuously used. As a result, initiatives centered on JPYC are spreading from individual points to a broader network, and an ecosystem utilizing Japanese Yen stablecoins is being formed in stages. JPYC EX is the official platform for performing JPYC issuance and redemption procedures. Registered users can make issuance reservations on JPYC EX and receive JPYC in their registered wallet addresses by depositing Japanese Yen into the designated account via bank transfer. Similarly, users can make redemption reservations on JPYC EX and receive refunds in Japanese Yen to their registered withdrawal accounts by sending JPYC to the designated address. *Registration requires identity verification (transaction verification under the Act on Prevention of Transfer of Criminal Proceeds). *Our transaction verification is consolidated into public personal authentication (JPKI) using the My Number Card. JPYC is an 'open financial infrastructure' that any business or developer can freely incorporate without the need for specific merchant agreements or usage contracts as an electronic payment instrument. Therefore, its adoption and consideration are progressing in various use cases regardless of industry or business type. The Japanese Yen stablecoin 'JPYC' issued by our company is a stablecoin exchangeable 1:1 with Japanese Yen, and the underlying assets are preserved in Japanese Yen (deposits and government bonds). This allows customers to use a stablecoin that can be redeemed for the same amount of Japanese Yen. The JPYC issued under this fund transfer business is currently issued on four chains: Avalanche, Ethereum, Polygon, and Kaia, with plans to expand to more chains in the future. The Japanese Yen stablecoin 'JPYC' has the potential for a wide variety of use cases, not only in various on-chain services combined with smart contracts, but also in the future, such as receiving it as salary or compensation, or withdrawing it as cash via ATMs, and is expected to be used as a future financial infrastructure.