Crypto
Japan stablecoin issuer JPYC raises total 6 billion yen in Series B extension round
Japanese stablecoin issuer JPYC has raised total investment of 6 billion yen ($38 million) in a Series B extension round. The company plans to use the funds to expand its finance and Web3 ecosystem and increase adoption of its yen-pegged stablecoin, JPYC. Logistics company AZ-COM Maruwa invested 1 billion yen in the round. AZ-COM Maruwa plans to pay fees and wages in JPYC to about 2,300 partners and sole proprietors.
