JPYC Hit South Korea’s Upbit at 1 Yen and Traders Sent It Flying Past 3

This week, Japan’s first licensed yen stablecoin, JPYC, landed on South Korea’s largest crypto exchange, Upbit, and promptly shot higher, briefly reaching the equivalent of more than 3 yen. At present, the JPYC/KRW pair ranks among the trading platform’s most active markets. JPYC’s 1:1 Yen Peg Meets Upbit’s Retail Rush Launched under strict national regulations, […]

Source: https://news.bitcoin.com/stablecoins/jpyc-hit-south-koreas-upbit-at-1-yen-and-traders-sent-it-flying-past-3/