JPYC Upbit trading delayed three hours to 3 p.m.

Upbit has delayed the start of JPYC trading by three hours on Sept. 17, moving the yen-backed stablecoin’s scheduled launch from 12:00 p.m. to 3:00 p.m. KST across its KRW, BTC and USDT markets. Summary Upbit delayed JPYC trading by three hours, moving launch from noon to 3 p.m. KST. JPYC will trade against KRW, BTC and USDT, with Ethereum supporting deposits and withdrawals only. PYUSD kept its noon schedule while Upbit’s delay notice applied only to JPYC trading support. Upbit restricts buying for five minutes and limits order types during newly listed asset launches. JPYC began regulated issuance in 2025 after its operator registered as a Japanese funds-transfer provider. Upbit said in itsSept. 17 listing notice that the original support plan covered both JPY Coin (JPYC) and PayPal USD (PYUSD), with trading initially set to begin at noon. The exchange updated the notice at 11:50 a.m. KST and changed only JPYC’s start time. Upbit did not give a specific reason for the delay in that update. At 1:58 p.m. KST, the latest public update reviewed still showed JPYC trading scheduled for 3:00 p.m. KST. Upbit had not posted a second postponement at that point. Public listing trackers had already registered JPYC/KRW, JPYC/BTC and JPYC/USDT as newly added pairs, but the exchange’s notice sets the official start of trading support. https://twitter.com/Official_Upbit/status/2100417653022286150?s=20 You might also like: JPYC has raised $38 million as AZ-COM Maruwa backs stablecoin expansion in Japan JPYC trading on Upbit moves to 3 p.m. KST The delay affects all three JPYC markets announced by Upbit. Once trading begins, customers will be able to trade JPYC against the South Korean won, Bitcoin and Tether. Upbit said deposits and withdrawals will use the Ethereum network, with other JPYC networks outside the scope of the listing notice. Upbit identified the supported Ethereum JPYC contract 0xE7C3D8C9a439feDe00D2600032D5dB0Be71C3c29. The exchange warned customers to verify the network and contract before transferring funds because unsupported deposits may require a lengthy return process. For pricing controls, Upbit used CoinMarketCap data when setting its initial trading restrictions. Its notice showed JPYC at 8.81 won at 9:40 a.m. KST on Sept. 17, compared with a previous closing reference of 8.78 won. Those figures were reference prices published before Upbit JPYC trading began and do not represent a post-listing market reaction. Upbit’s general trading guidance explains that new assets do not have a previous Upbit closing price on their first trading day. Once trading starts, the platform uses the first executed price when calculating the day’s change for newly supported assets. PYUSD schedule remained unchanged after JPYC delay PayPal USD appeared in the same original listing announcement, but Upbit’s 11:50 a.m. update named only JPYC when changing the schedule.