Introduction
The USDC to JPY exchange rate represents the value of one USDC (USD Coin) in Japanese Yen. This stablecoin, pegged to the US Dollar, offers a reliable way for traders and investors to interact with the crypto market while minimizing volatility exposure against the Japanese fiat currency.
Understanding this pairing is crucial for anyone involved in cross-border transactions, crypto trading, or remittances between the US and Japan. This guide provides a comprehensive overview of the current rate, conversion methods, and essential market data.
Current USDC/JPY Price and Performance
As of the latest update, the live price of USDC to Japanese Yen is ¥144.33.
Recent Performance Overview:
- 24-hour Change: +100.00%
- 7-day Change: -0.10%
- 30-day Trend: The value has shown an upward trend, increasing by approximately +0.18%.
It's important to note that significant percentage changes over a 24-hour period for a stablecoin like USDC are extremely unusual and typically indicate a data display or feed anomaly rather than a genuine market move, as its value is designed to remain stable at ~$1.00.
Key Market Statistics and Data
To make informed decisions, reviewing key market metrics is essential.
- 24h Low: ¥144.33
- 24h High: ¥144.33
- All-Time High (ATH): ¥2,406.03
- All-Time Low (ATL): ¥97.05
- Market Capitalization: ¥8.97 Trillion
- Circulating Supply: 62.15 Billion USDC
- Max Supply: Not specified (--)
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USDC to JPY Conversion Table
Easily convert between USDC and Japanese Yen using the table below.
| USDC Amount | Japanese Yen (JPY) Equivalent |
|---|---|
| 1 USDC | ¥144.33 |
| 5 USDC | ¥721.64 |
| 10 USDC | ¥1,443.28 |
| 20 USDC | ¥2,886.56 |
| 50 USDC | ¥7,216.40 |
| 100 USDC | ¥14,432.80 |
| 1,000 USDC | ¥144,327.96 |
JPY to USDC Conversion Table
If you know the amount of Japanese Yen you wish to convert, this table shows the equivalent USDC.
| Japanese Yen (JPY) Amount | USDC Equivalent |
|---|---|
| ¥144.33 | 1 USDC |
| ¥721.64 | 5 USDC |
| ¥1,443.28 | 10 USDC |
| ¥2,886.56 | 20 USDC |
| ¥7,216.40 | 50 USDC |
| ¥14,432.80 | 100 USDC |
| ¥144,327.96 | 1,000 USDC |
Why Monitor the USDC/JPY Pair?
Tracking this exchange rate is vital for several user groups:
- Traders and Investors: For those executing arbitrage strategies between different crypto-fiat pairs or managing portfolios that involve both USD and JPY-based assets.
- Businesses and Freelancers: Companies and individuals receiving payments in USDC who need to convert to JPY for local expenses or banking.
- Remittance Senders: A cost-effective method for sending value from the US to Japan, often with lower fees and faster settlement times than traditional banking systems.
Factors Influencing the USDC/JPY Rate
While USDC is designed to be stable, its exchange rate against JPY can fluctuate based on:
- USD/JPY Forex Rate: The primary driver, as USDC mirrors the US Dollar.
- Supply and Demand: Localized demand for USDC within Japanese markets can cause minor premiums or discounts.
- Cryptocurrency Market Liquidity: Broader market conditions can impact liquidity on exchanges, affecting the ease of conversion.
- Exchange Fees: Different platforms have varying fee structures, which can affect the final conversion rate you receive.
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Frequently Asked Questions
What is the current price of 1 USDC in Japanese Yen?
As of the latest update, 1 USDC is equivalent to approximately ¥144.33 Japanese Yen. This rate updates in real-time based on the underlying USD/JPY forex market and trading activity on crypto exchanges.
How much has the USDC to JPY price changed today?
The reported 24-hour change showed an increase of +100.00%. However, this is a highly atypical movement for a stablecoin and is likely a technical anomaly. Normally, changes are minimal, reflecting slight fluctuations in the forex market.
What is the total and maximum supply of USDC?
The current circulating supply of USDC is 62.15 billion tokens. The maximum supply is not fixed; it is a scalable supply that changes based on market demand, as new tokens are minted when dollars are deposited and burned when they are redeemed.
How can I convert my USDC to JPY?
You can convert USDC to JPY on most major cryptocurrency exchanges that support fiat currency pairs. The process typically involves selling your USDC on the spot market for JPY or using a dedicated conversion tool provided by the platform.
Is converting USDC to JPY a taxable event?
In many jurisdictions, including Japan, converting cryptocurrency to fiat currency (like JPY) is considered a taxable event. It may trigger a capital gains tax liability based on the profit (or loss) from the original acquisition cost of the USDC. Always consult a local tax professional for advice.
Where is the best place to convert USDC to JPY?
The "best" place depends on factors like exchange rates, trading fees, withdrawal limits, and security. It's advisable to compare rates across several reputable and licensed exchanges to find the most favorable terms for your transaction.