JPYC, the issuer of the Japanese yen stablecoin, has completed an additional 2.8 billion yen in Series B funding, bringing its total funding to 4.6 billion yen.

JPYC, the issuer of the Japanese yen-denominated stablecoin, announced that it has secured 2.8 billion yen (approximately US$17.62 million) in the second phase of its Series B funding round, bringing the total funding for this round to approximately 4.6 billion yen. New investors include NCB Venture Capital, MetaPlanet, TechMira Holdings, and Canal Ventures. The funds will be primarily used for system and application development, recruitment for business expansion, stablecoin issuance and settlement operations, and strategic investments.