JPYC EX cumulative issuance tops 10 billion yen as token lists on Upbit
- —JPYC EX cumulative issuance surpassed 10 billion yen as of Sept. 18
- —JPYC listed on Upbit in KRW, BTC and USDT pairs on Sept. 17
- —The token's price deviated from its 1-yen peg after listing
- —Netstars and Kaia DLT Foundation signed an MOU to accept Kaia stablecoins at 700,000 StarPay merchants
Why it matters: A Japanese yen stablecoin is expanding onto a major exchange and payment network, testing demand for regulated yen-backed tokens in Asia.
Source: PANews