JPYC Suspends Ethereum Issuance Reservations, Investigating Cause of Malfunction

The Japanese yen stablecoin issuer JPYC has issued a malfunction notice, announcing the emergency suspension of the JPYC issuance reservation service on the Ethereum network. This feature is currently on hold, and the technical team is urgently investigating and probing the specific cause of the malfunction. JPYC apologizes to affected users and promises to release updates through official channels once the details are confirmed.

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