Huobi HTX to Open JPYC/USDT Spot Trading on Sept. 28
Deposits will open 3 a.m. ET (0700 UTC), while withdrawals are scheduled to begin Sept. 29 at 9 a.m. ET (1300 UTC).
Huobi HTX will list Japan’s yen-pegged JPYC (JPY Coin) for JPYC/USDT spot and grid trading at 9 a.m. ET (1300 UTC) on Sept. 28, expanding exchange support for a stablecoin tied to the Japanese currency.
JPYC deposits will open at 3 a.m. ET (0700 UTC) on Sept. 28. Withdrawals are scheduled to begin at 9 a.m. ET (1300 UTC) on Sept. 29.
JPYC is issued by Japan-based JPYC Inc. and is pegged 1:1 to the yen. Its reserves consist of bank deposits and Japanese government bonds.
The token is classified as an electronic payment method under Japan’s Payment Services Act. Users can issue or redeem JPYC through the JPYC EX platform after completing know-your-customer checks, and use it for payments, transfers and decentralized finance on networks including Ethereum and Polygon.
