JPYC halts Ethereum and Polygon issuance reservations after glitch
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4 Articles
JPYC restored the emission reserve of its stablecoin in Ethereum after a temporary interruption, but Polygon remains out of service. The incident occurred the same day the token debuted at Upbit, where it recorded a strong deviation from its reference price before backing back.
JPYC restores stablecoin issuance reservation on Ethereum, Polygon remains down
JPYC, the issuer of Japan’s first licensed yen stablecoin, said on Thursday that it has restored the issuance-reservation function on Ethereum after a temporary shutdown. Meanwhile, the same function on Polygon remains offline. A disruption hit the process users rely on to mint new tokens on the same day that JPYC made its South Korean...
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Cryptocurrency News | Cryptocurrency Prices | Market CapJPYC halts Ethereum and Polygon issuance reservations after glitch
The glitch highlights vulnerabilities in stablecoin systems, affecting market stability and liquidity, and underscores the need for robust infrastructure.
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