Japan Stablecoin JPYC Reaches $136 Million in Total Transaction Volume
According to an X post shared by industry participant Alex and reposted by JPYC CEO Noritaka Okabe, about $90 million of JPYC volume was processed via Polygon, representing more than two-thirds of the total.
Fact Check
The core numerical claim is consistently reported by two separate fetched articles: PANews and CoinPost. CoinPost is especially relevant because it states both figures clearly: JPYC cumulative volume reached $136 million and about $90 million of that was processed on Polygon, which is more than two-thirds of the total. CoinPost also specifically says the source was an X post by Alex and that JPYC CEO Noritaka Okabe reposted it on X. PANews independently reports the same figures and links to the same Alex post. However, confidence is not high because direct fetching of the cited X post and the additional X links failed in this run, so the repost attribution and original wording could not be verified from the primary social source itself.
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Summary
JPYC’s cumulative transaction volume has reached $136 million, according to an X post shared by industry participant Alex and reposted by JPYC CEO Noritaka Okabe on the 5th. About $90 million of that total was processed through Polygon, accounting for more than two-thirds of all JPYC transactions. The update highlights Polygon’s central role in JPYC activity.
Terms & Concepts
- Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being linked to a fiat currency or similar reference asset.
- Polygon: A blockchain network used to improve Ethereum scalability and reduce transaction costs for users and applications.