The issuer of Japanese yen stablecoin JPYC has completed an additional Series B financing round, bringing the total raised in the round to about $38 million, according to The Block. The new investor is AZ-COM Maruwa Holdings, a major Japanese logistics company, which invested about $6.3 million. The company said the proceeds will be used to expand its finance and Web3 ecosystem and to push broader real-world use of the yen-denominated stablecoin JPYC. The update centers on the latest capital injection and the company’s stated use of funds, with no further transaction details disclosed in the source. JPYC is positioned around yen stablecoin use cases in Japan, and the latest raise adds a traditional logistics-sector participant to its investor base.
The issuer of Japanese yen stablecoin JPYC has completed an additional Series B financing round, bringing total Series B funding to about $38 million, according to The Block.
The new investor in the round is AZ-COM Maruwa Holdings, a major Japanese logistics company, which invested about $6.3 million. The company said the funds will be used to expand its finance and Web3 ecosystem and to promote practical adoption of the yen stablecoin JPYC.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
