JPYC is Japan’s pioneering yen-pegged stablecoin, which has a 1:1 value against the Japanese currency.
Coming soon to Morpho’s $5 billion lending network, users will be able to lend and borrow JPYC while creating yield vaults and fixed rate products through partners like Euler Finance, IPOR Fusion and Napier Finance. This “Curator” initiative streamlines complex DeFi setups, making yen-based finance accessible on global blockchains.
Pioneering Yen Liquidity in DeFi
A curator acts like a DeFi architect, selecting protocols, adjusting risks, and routing liquidity so that JPYC flows seamlessly. PAO TECH has authorized KYB verification with Euler ($1 billion TVL) and is first considering deploying Morpho, allowing holders to collateralize JPYC for crypto loans or borrow yen against Bitcoin.
Next up: IPOR Fusion vaults that swap JPYC for USDC borrowings, automatically optimizing returns from safe treasuries to high-paying farming. Napier adds fixed rate swaps, guaranteeing yen returns without forex fluctuations, which is ideal for Japanese companies protecting themselves from volatility.
PAO TECH Labs Announces JPYC DeFi Ecosystem Plan and Launch of Curator Business, to Safely and Efficiently Integrate JPYC into the Global On-Chain Economy 🔥
Read the full press release: https://t.co/CaZKLSQ9fq#JPYC #Challenge pic.twitter.com/8eKJUReNAt
– PAO TECH Laboratories (@PAOTECHLabs) November 27, 2025
This push is tapping into a hot trend: non-dollar stablecoins surging 40% in 2025 to reach a market cap of $15 billion, driven by localized demand for DeFi in Asia. JPYC’s TVL could reflect the growth of GYEN, which reached $50 million after similar integrations.
Learn more about Morpho
VaultBridge powers Morpho’s perpetual liquidity mining campaign, rewarding USDC and USDT depositors with bonus token bonuses. This encourages liquidity by turning passive deposits into productive yield on Ethereum, fueling a flywheel effect known as the Katana DeFi flywheel.
the power of VaultBridge
USDC and USDT depositors receive USDC and USDT bonuses on @Morpho
it is a perpetually funded liquidity mining campaign.
This is the katana DeFi flywheel at work ⚔️ pic.twitter.com/hvEQpkip62
-katana ⚔️ (@katana) November 28, 2025
As assets lock up and generate real yield, rewards increase liquidity, attract more users and support long-term growth in Morpho’s lending markets.
Disclaimer
The information provided by Altcoin Buzz does not constitute financial advice. It is intended for educational, entertainment and informational purposes only. Any opinions or strategies shared are those of the editors/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur as a result of investments related to the information provided. Bitcoin and other cryptocurrencies are high-risk assets; therefore, perform thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
