Upbit lists JPYC stablecoin with first Korean won pair
- —Upbit opened JPYC trading in KRW, BTC and USDT pairs
- —The first-ever JPYC pair against the Korean won
- —Deposits and withdrawals supported only on the Ethereum network
- —Total JPYC issuance is about 1.9 billion tokens
Why it matters: A new demand channel from Korea could halt the contraction in JPYC issuance and accelerate the stablecoin's minting.
Source: CoinDesk Japan