Kaia Exceeds 330 Million JPY in JPYC Circulation, Becoming Top Issuing Chain in Japan

Kaia has officially announced that the circulation of JPYC on its blockchain has exceeded 330 million JPY, making it the top JPYC issuing chain in Japan. This achievement demonstrates higher real-world demand compared to major chains like Polygon, Ethereum, and Avalanche, positioning Kaia as one of the most critical infrastructures in the JPYC ecosystem.

Since JPYC's integration into the Kaia ecosystem, its usage has steadily expanded, supported by Kaia's high-speed transaction processing, EVM compatibility, and gas fee delegation features. JPYC is a yen-pegged stablecoin issued as an electronic payment method under Japanese regulations. Its adoption is progressing not only in Web3 services but also in real-world scenarios including e-commerce.

This growth milestone is reflective of the broader market expansion. JPYC has exceeded a cumulative issuance of 3.3 billion JPY as a regulated stablecoin issued under the revised Payment Services Act (since Oct 2025). Currently, there are approximately 19,000 user accounts and over 60,000 on-chain wallet addresses.

Furthermore, JPYC is expanding its real-world use cases, including compatibility with SMBC payment terminals for My Number Card touch payments and the development of real-time purchase systems linked to bank deposits. Kaia is committed to building the financial infrastructure for Japan's Web3 economy by providing a robust on-chain environment for stablecoin utility.

A key driver of this adoption is the 'Unifi' stablecoin wallet, which operates on the 'LINE' platform, serving nearly 200 million monthly active users. In addition to storage and transfers, Kaia is preparing native lending, yield services, and incentive programs for JPYC holders to diversify asset utilization.

Building on its success in Japan, Kaia is accelerating its stablecoin business across Asia. Recently, the Kaia Foundation conducted a comprehensive Proof of Concept (PoC) for KRW-pegged stablecoins in collaboration with KB Kookmin Bank, KG Inicis, and OpenAsset. The PoC verified QR code payments at retail stores and cross-border remittances to Vietnam. The results showed remittance processing within 3 minutes and a potential 87% reduction in costs compared to traditional SWIFT transfers.

Sam Seo, Chairman of Kaia DLT Foundation, stated: 'Exceeding 330 million JPY in JPYC circulation is a milestone showing the market's acceptance of our user-centric infrastructure.' Noritaka Okabe, CEO of JPYC Inc., remarked: 'With LINE integration making Web3 part of daily life, we will push forward to realize a new society using Kaia's high-speed, low-cost environment.'