JPYC First Year Circulation Approximately 20 Million USD

As of October 23, the circulating JPYC is only 3.2 billion yen, approximately 20 million USD, with a total issuance of 12.1 billion yen. JPYC CEO Noritaka Okabe stated that this figure has not met the company's growth expectations. Part of the poor performance is due to Japan's second-class fund transfer regulations, which impose a daily issuance limit of 1 million yen. Okabe hopes that JPYC will reach several billion yen in its second year, growing approximately tenfold.

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