Upbit delayed JPYC trading for a second time on Sept. 17, moving its launch from 3 p.m. to 6 p.m. KST across KRW, BTC and USDT markets, while PYUSD retained its noon opening in the same markets. The listing marks the first appearance of a yen-denominated stablecoin on a major South Korean exchange and gives users a route to buy JPYC directly with won. Deposits and withdrawals for both tokens are limited to Ethereum, despite JPYC also operating on Avalanche, Polygon and Kaia. JPYC's circulating supply stood at about 1.89963 billion tokens on Sept. 17 and had been declining since late August, particularly on Kaia. Noritaka Okabe, Representative Director of JPYC Inc., said the overseas listing was notable given that no domestic electronic payment instrument dealer had listed JPYC, and expressed hope it could support a review of Japan's 1 million-yen issuance and redemption limits.