CoinScoopJPYC Price Deviates From 1 JPY Peg After Upbit Listing
The Japanese yen-pegged stablecoin JPYC experienced price volatility following its listing on Upbit on the 17th. While the issuer maintains a redemption rate of 1 JPYC to 1 JPY, the secondary market price briefly reached approximately 3.32 JPY (0.02145 USD) on the day of the listing. Issuance reservations were temporarily suspended but restored within a few hours.
Summaries are written by AI from the original article. Not investment advice.