# CONCEPT

- [What is DePhaser?](https://docs.dephaser.com/concept/what-is-dephaser.md): Lock USDT and USDC for JPYT
- [What is JPYT?](https://docs.dephaser.com/concept/what-is-jpyt.md): Understanding the Yen-Pegged Stablecoin
- [Why JPYT?](https://docs.dephaser.com/concept/why-jpyt.md): The Future of Yen-Backed Digital Currency
- [Audit](https://docs.dephaser.com/concept/audit.md): Reviewed and verified by experts


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