JPYC Restores Ethereum Issuance-Reservation Function After Temporary Shutdown

JPYC, the issuer of Japan's first licensed yen stablecoin, has restored the issuance-reservation function on Ethereum after a temporary shutdown.

The disruption occurred on the same day that JPYC made its South Korean trading debut on Upbit.

According to JPYC Co., the issuer posted service notices to its official X account throughout the day, first flagging that issuance reservations on Ethereum had been suspended while it investigated the cause, and later posting a matching notice for Polygon.

The update as of the time of writing is that only the Ethereum network's reservation function is working again.