JPYC Inc. raised 6 billion yen, or about $38 million, in a Series B extension led by new investors including AZ-COM Maruwa Holdings. The funding supports expansion of JPYC’s yen-pegged stablecoin as corporate stablecoin use in Japan begins to move beyond pilots.
JPYC Inc. raised 6 billion yen, or about $38 million, in a Series B extension led by new investors including AZ-COM Maruwa Holdings. The funding supports expansion of JPYC’s yen-pegged stablecoin as corporate stablecoin use in Japan begins to move beyond pilots.
JPYC Inc. has raised 6 billion yen, about $38 million, in an extension of its Series B round to support the growth of its yen-pegged stablecoin, according to CoinDesk. The latest round includes AZ-COM Maruwa Holdings, a major Japanese logistics company, among the new investors.
JPYC Inc. has raised 6 billion yen, about $38 million, in an extension of its Series B round to support the growth of its yen-pegged stablecoin, according to CoinDesk. The latest round includes AZ-COM Maruwa Holdings, a major Japanese logistics company, among the new investors.
The financing matters because it links a Japanese stablecoin issuer with a large real-world logistics network. AZ-COM plans to settle payments in JPYC with clients, including Amazon Japan, and its partner network includes around 2,300 subcontractors, drivers and related businesses.
CoinDesk reported that the move marks the first large-scale corporate use of a stablecoin for daily business operations in Japan. If adopted as planned, JPYC would be used not only as a crypto-market instrument but also as part of payment flows between companies and logistics partners.
The round brings JPYC’s total funding to $106 million across seven rounds since November 2021, based on Tracxn data cited by CoinDesk. JPYC is among the most prominent Japanese yen-pegged stablecoins, with a market capitalization of $55.5 million according to CoinGecko data referenced in the report.
Stablecoins are digital tokens designed to track the value of traditional assets, most commonly fiat currencies. While the global stablecoin market remains heavily dominated by U.S. dollar-pegged tokens, CoinDesk noted that Japan’s yen stablecoin sector is growing with support from adoption among some of the country’s largest financial institutions.
Keep exploring
CASHCAT rose 120% over the past week, recovering part of its post-launch decline while Robinhood Chain’s total value locked climbed to $774 million. The move comes as broader launchpad activity has cooled and the chain’s next test approaches: whether usage holds once Robinhood stops covering gas fees.
Read
CryptoQuant data cited by CoinDesk shows large XRP holders kept buying during the token’s decline, even as the market stayed rangebound. Ether showed a stronger capitulation signal because it traded below its realized price, leaving holders underwater on paper.
Read
Bitcoin traded just above $64,600 on Thursday while major crypto tokens were mixed. Traders also watched a large SpaceX stock unlock and a softer global equity backdrop tied partly to weakness in chipmakers.
Read