Upbit Lists JPYC and PYUSD with KRW, BTC, and USDT Markets

South Korean crypto exchange Upbit announced on September 17 the listing of the Japanese yen-pegged stablecoin JPYC and PayPal's USD-pegged stablecoin PYUSD. Both assets will be supported across three markets: Korean Won (KRW), Bitcoin (BTC), and USDT. Trading for PYUSD was scheduled to begin at 12:00 KST, while JPYC trading was delayed to 15:00 KST. Both assets are supported exclusively on the Ethereum network for deposits and withdrawals. This marks the first centralized exchange listing for JPYC, which is issued by JPYC Inc. and regulated as an electronic payment instrument under Japanese law, while PYUSD is issued by Paxos Trust Company.