JPY DeFi Launches on Ethereum Mainnet With Yen-Pegged Stablecoin JPYdf
Yen-pegged assets have had limited use on-chain, and this launch puts a borrowable yen-targeted stablecoin on Ethereum with wstETH and USDC as collateral, though the peg is only a target and no redemption or principal protection is guaranteed.
Reporting from 1 source: ASCII.jp.
DeltaForesight Inc. launched the JPY DeFi protocol on the Ethereum mainnet on October 15, 2026. Users deposit wstETH or USDC as collateral and borrow JPYdf, a crypto-asset stablecoin targeting a value peg to the Japanese yen. Each collateral type has its own market. Positions that fall below the required collateral ratio can be liquidated. A foundation provides the frontend at app.jpydf.com.
DeltaForesight Inc. designed and developed the protocol, which went live on the Ethereum mainnet on October 15, 2026. Borrowers deposit wstETH or USDC and draw JPYdf against it, with separate markets for each collateral type. Positions that drop below the prescribed collateral ratio can be liquidated.
The frontend at app.jpydf.com is provided by JPYdf Foundation DAO LLC, which does not offer it to residents of Japan, the United States, or other regions listed in the terms of use. The company states that JPYdf is not a yen-denominated monetary claim under the Payment Services Act, and that its market price may move above or below 1 yen.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.