[JPYC briefly surpasses 3 yen after listing on Upbit, with a 48-hour supply exceeding 4.2 billion yen] Odaily Planet Daily News: Japan's first licensed yen stablecoin, JPYC, was listed on the South Korean cryptocurrency exchange Upbit on September 17. The opening reference price for JPYC/KRW was 8.81 Korean won, subsequently rising to 35.7 Korean won at one point, with a peak of approximately 37 Korean won, equivalent to over 3 yen. On the same day, JPYC minted 1.687 billion yen, and within approximately 48 hours, its circulating supply increased from around 1.9 billion yen to over 4.2 billion yen. After the additional supply entered the market, the price of JPYC gradually returned to the 1:1 yen peg level. (Bitcoin.com News)