7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Uniswap V3 (Base) | JPYT/0X8335…02913 | $59.85 | 0.66% |
| TRADE |
Top 1 exchanges by 24h trading volume. BlockInsider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
DePhaser is a cutting-edge decentralized finance (DeFi) platform designed to transform the way people interact with digital assets and conduct cross-border transactions. At the heart of this innovation is JPYT, the world’s first algorithmic YEN stablecoin pegged 1:1 to the Japanese YEN (¥).
Unlike traditional stablecoins, JPYT is backed by fully locked USDT (Tether), ensuring a high level of security, transparency, and trust for its users. Through DePhaser, individuals and businesses can seamlessly lock in USDT and mint JPYT, allowing them to hold and transact in a currency that mirrors the stability of the Yen while operating natively within the Web3 ecosystem.
This mechanism provides a powerful tool for those who wish to avoid volatility in the crypto market while still benefiting from the efficiency, accessibility, and inclusivity of blockchain technology.
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