JPYC raises $38M Series B as AZ-COM Maruwa backs yen stablecoin

Japanese stablecoin firm JPYC raises $38 million in Series B extension

JPYC, issuer of Japan's first licensed yen stablecoin, closed a Series B extension bringing the round to approximately 6 billion yen ($38 million), including investment from logistics firm AZ-COM Maruwa.