Yen stablecoin issuer JPYC’s Series B reaches $38M
Summary
JPYC, a Japanese yen stablecoin issuer, has extended its Series B round to about 6 billion yen ($38 million). New investor AZ-COM Maruwa Holdings joined the round, and JPYC plans to use the funding to grow its financial and Web3 ecosystem and speed adoption of its yen-pegged stablecoin. The company did not disclose the extension amount, AZ-COM’s exact investment, or alliance terms. JPYC said its stablecoin could combine with AZ-COM’s logistics network to support onchain finance linking commerce, logistics, and payments.
