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Stablecoin issuer JPYC is about to complete Series B funding, with participation from Life Design Fund and others, totaling approximately $31.4 million in funding.
BlockBeats News, May 23 — Japanese yen stablecoin issuer JPYC announced that its Series B second round of funding is nearing completion, with total funding expected to reach approximately 5 billion yen. New investors in this round include Life Design Fund, IHD STRATEGY FUND, a fund under Awa Bank, and the Meiji Yasuda Future Co-Creation Fund, among other institutions.
JPYC stated that the new funding will mainly be used for system and application development, talent recruitment for business expansion, advancing stablecoin payment and management services, and building AI Agent’s M2M (machine-to-machine) payment scenarios.
JPYC obtained a Japanese money transfer license in 2025 and began issuing a stablecoin pegged 1:1 to the Japanese yen in the same year. The company said that within about 7 months of issuance, the number of accounts reached 18k, with total issuance exceeding 2.5 billion yen, and total transaction volume surpassing 35 billion yen.
Currently, JPYC has been deployed on four chains: Ethereum, Polygon, Avalanche, and Kaia, and has integrated with LINE’s Web3 wallet “Unifi,” aiming to promote the adoption of stablecoins among ordinary users in Japan.