Standard Protocol collaborates with JPYC, the Japanese Yen-pegged stablecoin
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Standard Protocol collaborates with JPYC, the Japanese Yen-pegged stablecoin

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Standard Protocol collaborates with JPYC, the Japanese Yen-pegged stablecoin

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We are very excited announce our new collaboration with JPYC, a Japanese Yen-pegged stablecoin issued in Prepaid Payment Instrument based on Japanese law. JPYC is now available on Ethereum, Polygon, xDai and Shiden Network.

Standard Protocol x JPYC

Our collaboration roadmap with JPYC is planned in 3 phases in the upcoming few months.

Phase 1 — Liquidity Mining Program

We have already launched a liquidity mining program with JPYC in WSDN-JPYC and JPYC-USDC pairs, now available on the Shiden Network.

Our users can visit Standard Protocol DEX, apps.standard.tech to trade JPYC via Swap module, or provide liquidity and earn STND in rewards by staking LP token in the LP Farming module. You can read the guides on 📕How to move assets to Shiden Network or 📕How to bridge assets via Anyswap.

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JPYC-USDC andWSDN-JPYC LP pairs on https://apps.standard.tech/farm.

Phase 2 — Chain Expansion

Along with our multichain expansion plan on Ethereum and Polygon in November, we will also enlist JPYC on both networks. By enabling the issuance and distribution of JPYC on multichain ecosystem, we could enable more scenarios of JPYC as a means of digital payment, and contribute to the global expansion of Shiden Network.

Phase 3 — Explore Stablecoin Use Cases with USM and JPYC

With our US dollar pegged stablecoin, USM, launching next month, we believe JPYC is a great partner for synergy. We will set up LP in JPYC-USM, and explore more use cases including enabling JPYC as collaterals.

By engaging with JPYC, we will together expand the use cases of stablecoins across the global scope, and Standard Protocol will be the hub to facilitate the CeDeFi / HyFi ecosystem with our multichain capabilities.

About JPYC

JPYC, is the first Japanese Yen-pegged stablecoin, that takes advantage of blockchain technology (ERC20). It is operated in the mainnet of Ethereum, Polygon, xDai, Shiden Network and always available in the transaction for 1 JPYC as 1 yen.

Where You Can Buy $JPYC ?

$JPYC is available at the JPYC Sales Office in the official JPYC Apps.

(If you want to buy it right now, please click the link below.)

▼JPYC Apps : https://app.jpyc.jp/

Please click the following links for further more information about the JPYC,

About Standard Protocol

Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate across multichain ecosystems, with our in-built DEX as a market maker to ensure capital-efficient liquidation process and stability of our stablecoin MeterUSD ($USM). It is also a recipient of the Shiden Network Builders Program GrantPolygon #DefiForAll Fund and Polkadot Web3 Foundation Grant. Standard Protocol strives to innovate as the next-generation digital asset and prides itself on its global community growth approach.

We are launching our DEX and will also be the first native stablecoin Shiden Network, which unlocks financial opportunities to its community in both bullish and bearish markets.

Please click the following links for further more information about the Standard Protocol: Website | Twitter | Telegram Community| Medium | Discord | Clubhouse | Reddit