Huobi HTX will list September 28 21: 00 listed JPYC for spot and grid trading
BIBIBI
AT A GLANCE
Huobi HTX announced that it will open JPYC/USDT spot, grid trading, and related deposit and withdrawal services.
Article
Huobi HTX will list September 28 21: 00 listed JPYC（JPY Coin）
BlockBeats reported that September 28, according to an official announcement, Huobi HTX will September 28 21: 00（UTC+8）will open JPYC/USDT spot and grid trading.JPYC Deposit services will open at September 28 15: 00 and withdrawal services will open at September 29 21: 00.
It is understood that JPYC is a Japanese JPYC Inc.-issued yen stablecoin regulated under Japan's Payment Services Act and classified as an electronic payment instrument. It is 1: 1 pegged to the yen, with bank deposits and Japanese government bonds as reserve assets. Users can complete JPYC EX on the platform, then issue or redeem KYC; it can also be used on blockchains such as Ethereum and Polygon for payments, transfers, and DeFi. Its design aims to provide a compliant and transparent digital yen solution.
Original link https://m.theblockbeats.info/flash/369307
Key points
01
Huobi HTX will September 28 21: 00（UTC+8）open JPYC/USDT spot and grid trading.
02
JPYC Deposit services will open at September 28 15: 00 and withdrawal services will open at September 29 21: 00.
03
The article states that JPYC is issued by Japan JPYC Inc. and is 1: 1 pegged to the yen.
04
The article states that JPYC has bank deposits and Japanese government bonds as reserve assets.
05
The article states that users can use JPYC EX to complete KYC and then issue or redeem JPYC, and can also use it on blockchains such as Ethereum and Polygon.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news indicates that users will be able to use Huobi to HTX trade USDT buy and sell JPYC, and use grid trading.JPYC is described in the article as a yen-pegged stablecoin; deposits, trading, and withdrawals are scheduled to open at different times.
Why it matters to readers
added JPYC/USDT a trading access point, providing users who wish to trade or use JPYC with a new channel; specific availability still depends on whether the relevant services are implemented as announced.
Beginners should distinguish between deposits, trading, and withdrawals: the opening of deposits does not mean that trading or asset withdrawals are already available, and they should note the respective opening times for all three services.
Risks and unknowns
The evidence consists of BlockBeats' account of the official announcement; it does not provide Huobi's HTX original official announcement.
The evidence does not confirm whether deposit, trading, and withdrawal services actually opened on schedule.
JPYC's regulatory status, reserve composition, and 1: 1 pegging are stated only in the article; the evidence provides no further verification materials.
Related Developments
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Related concepts
Stablecoins
A class of interchangeable crypto assets that anchor to the same underlying value across entities; examples in the text include USDT and USDC。
