Upbit exchange adds trading pairs for PayPal USD and JPY Coin stablecoins against KRW, BTC, and USDT.
DeFi & Yields ·
Upbit, a major cryptocurrency exchange, has added trading pairs for PayPal USD (PYUSD) and JPY Coin (JPYC) stablecoins. The new pairs allow trading against the South Korean won (KRW), Bitcoin (BTC), and USDT. The announcement was made on Upbit's official notice board, signaling the exchange's expansion of stablecoin offerings.
The move extends market access for both assets on one of Asia's larger trading venues. PayPal USD is a stablecoin tied to the U.S. dollar, while JPY Coin tracks the Japanese yen. The addition of multiple trading pairs—particularly against the local won market—suggests effort to cater to regional demand and liquidity needs across different base currencies and assets.
Exact timing of when these pairs became live, trading volumes, and any future expansion plans beyond these three pairings remain unclear from the available information.