JPYC Hit South Korea’s Upbit at 1 Yen and Traders Sent It Flying Past 3

Japan's first licensed yen stablecoin, JPYC, landed on South Korea's largest crypto exchange, Upbit, and briefly traded above 3 yen, up from its 1 yen peg. The JPYC/KRW pair is now among the platform's most active markets, driven by retail demand. JPYC launched under strict national regulations.