JPYC to Launch Unlimited Issuance and Redemption Services This Fall
CEO Okabe confirms the rollout will allow unrestricted user holdings and transfer amounts, marking a significant step for the stablecoin issuer.
Summary
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Terms & Concepts
Issuance and Redemption: The process by which a digital asset or stablecoin is created (issued) and later returned or exchanged (redeemed) for its underlying value.
Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like a fiat currency or commodity.