Is there any like that for JPY?

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There are very few centrally managed stablecoins in JPY. (On a small scale, such as JPYC) Our CJPY (Convertible JPY) is fully dedicated to DeFi and decentralized.

Michael- Автор вопроса
Michael
How does JPYC work, is it usable in defi?

JPYC is a stablecoin operated under Japanese regulations as a prepaid payment method, but it has almost no liquidity.

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