The Japanese yen stablecoin issuer JPYC has completed a total of about 6 billion yen B-round expansion financing

Comparatively, JPYC, the issuer of the Japanese yen stablecoin, announced the completion of the B-round expansion financing, which raised a total of about 6 billion yen. The company said that the funds will mainly be used to expand the financial and Web3 ecosystem and accelerate the implementation of the Japanese yen stablecoin JPYC in social applications.

According to the announcement, logistics company AZ-COM Maruwa Holdings Co., Ltd. participated in this round of investment. JPYC believes that the combination of stablecoins and logistics networks is expected to promote the integrated application of on-chain finance in commercial, logistics and capital settlement scenarios. Currently, JPYC has been issued on four blockchains: Avalanche, Ethereum, Polygon, and Kaia.