Huobi HTX will list JPYC (JPY Coin) at 21:00 on September 28.

According to an official announcement, Huobi HTX will launch JPYC/USDT spot trading and grid trading at 21:00 (UTC+8) on September 28. JPYC deposit services will open at 15:00 on September 28, while withdrawal services will open at 21:00 on September 29. JPYC is a Japanese yen stablecoin issued by Japan’s JPYC Inc., regulated under Japan’s Payment Services Act as an electronic payment instrument. It is pegged to the yen at a 1:1 ratio, with reserve assets held in bank deposits and Japanese government bonds. Users can complete KYC via the JPYC EX platform to issue or redeem JPYC, and the token can be used for payments, transfers, DeFi and other scenarios on blockchains including Ethereum and Polygon. The project is designed to provide a compliant, transparent digital yen solution.