Defi
JPYC Spiked to 37.6 Won on Upbit as South Korea Reviews Market Makers
TokenPost·September 28, 2026·1 min read
JPYC, a yen stablecoin, spiked to 37.6 won on Upbit after opening at 12 won on Sept. 17, surging within an hour. The move exposed liquidity risks in cross-border stablecoin trading as South Korea reviews market makers. The sharp price swing underscores the fragility of stablecoin markets in regional exchanges.
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