JPYC Halts Ethereum Issuance Reservations Amid Ongoing Fault Investigation

JPYC, the Japanese yen stablecoin issuer, issued a fault notice announcing an emergency suspension of JPYC issuance reservation services on the Ethereum network. The official statement said the feature is currently suspended, with the technical team conducting an urgent investigation into the specific cause of the malfunction. JPYC apologized to affected users and pledged to release updates through official channels as soon as the details are confirmed.