According to The Block, Japanese stablecoin issuer JPYC has completed a follow-up B-round funding, bringing its total raised capital to $38 million. AZ-COM Maruwa Holdings invested $6.3 million, with the funds to be used for building financial and Web3 ecosystems and advancing real-world applications of JPYC.
JPYC Completes $38M Series B Funding for Financial and Web3 Ecosystem Development
AiCoinShare
Summary
JPYC, a Japanese stablecoin issuer listed on AiCoin, has closed a $38 million Series B funding round. AZ-COM Maruwa Holdings led the round with a $6.3 million investment. The capital will support financial and Web3 adoption initiatives, including real-world use cases for JPYC. The funding follows increased Web3-related news activity in the region.
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