JPYC Raises $38M as Yen Stablecoin Expands in Japan
JPYC Inc. has successfully raised $38 million in its Series B funding round, bringing total investment to approximately 6 billion yen. The funding, supported by logistics giant AZ-COM Maruwa, will be used to enhance JPYC's payment network and accelerate the adoption of its yen-pegged stablecoin aimed at truck drivers.
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JPYC Raises $38M as Yen Stablecoin Rolls out to Truck Drivers
JPYC Inc., the company operating Japan’s first fully regulated yen-pegged stablecoin, has extended its Series B funding round, pushing total investment to roughly 6 billion yen, or about $38 million. Logistics Giant Backs Japan’s Yen Stablecoin Bet The latest check, according to JPYC’s capital raise announcement, includes about 1 billion yen, or $6.3 million, from […]
JPYC raises $38 million Series B led by major Japanese logistics firm AZ-COM Maruwa
The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021.
Yen stablecoin issuer JPYC’s Series B reaches $38M
JPYC said it plans to use the new capital to expand its financial and Web3 ecosystem and accelerate adoption of its yen-pegged token.
JPYC has raised $38 million as AZ-COM Maruwa backs stablecoin expansion in Japan
JPYC has raised a total of 6 billion yen ($38 million) through an extended Series B round, adding fresh corporate backing as the Japanese stablecoin issuer expands its payment network and Web3 financial services. JPYC Inc. announced on Wednesday that…