HTX said it will open spot trading and grid trading for the JPYC/USDT pair at 21:00 (UTC+8) on Sept. 28, according to an official announcement. Deposits for JPYC are scheduled to open earlier the same day at 15:00, while withdrawals will become available at 21:00 (UTC+8) on Sept. 29.
JPYC, or JPY Coin, is a Japanese yen stablecoin issued by JPYC Inc. in Japan. The token is regulated under Japan’s Payment Services Act and is classified as an electronic payment instrument. It is pegged 1:1 to the yen, with reserves held in bank deposits and Japanese government bonds.
Users can mint or redeem the token through the JPYC EX platform after completing KYC. The asset can also be used on blockchains including Ethereum and Polygon for payments, transfers, and DeFi-related use cases. JPYC is designed as a compliant and transparent digital yen solution.
HTX is set to launch spot trading and grid trading for the JPYC/USDT pair at 21:00 (UTC+8) on Sept. 28, according to an official announcement cited by BlockBeats.
JPYC deposits go live at 15:00 (UTC+8) on Sept. 28. As for withdrawals, they are slated to start at 21:00 (UTC+8) on Sept. 29.
JPYC, or JPY Coin, is a Japanese yen stablecoin from Japan-based JPYC Inc. It falls under regulation through Japan’s Payment Services Act and is classified as an electronic payment instrument. The token is pegged 1:1 to the yen. Its reserve assets are made up of bank deposits and Japanese government bonds.
Users who complete KYC on the JPYC EX platform can mint or redeem the token. And JPYC can be used on blockchains including Ethereum and Polygon for payments, transfers, and DeFi use cases. The project says it was built to provide a compliant and transparent digital yen option.
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