JPYC raises $38M in Series B
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- JPYC raised US$38 million in a Series B funding round.
- Japanese logistics company AZ-COM Maruwa led the investment.
- JPYC plans to expand its stablecoin payment network in Japan.
JPYC raised US$38 million in a Series B funding round led by AZ-COM Maruwa to expand its stablecoin payment network.
The funding comes as more Japanese companies explore blockchain-based payment systems and regulated digital money.
JPYC said it will use the money for product development, compliance and payment network expansion.
The company said the funding will help grow its payment services across business and consumer markets.
JPYC builds yen-linked stablecoin technology and digital payment systems for businesses and consumers in Japan.
Japan has introduced stablecoin rules, and more companies are building blockchain payment services under that framework.
