ChainCatcher report: JPYC, a Japanese yen stablecoin issuer, announced that its Series B second round of funding is nearing completion, with total raised capital expected to reach approximately ¥5 billion. New investors in this round include Life Design Fund, IHD STRATEGY FUND, the fund under Apo Bank, and Meiji Yasuda Future Co-Creation Fund. JPYC stated that the new funding will primarily be used for system and application development, hiring talent for business expansion, advancing stablecoin payment and management services, and building M2M (machine-to-machine) payment use cases for AI agents. JPYC received its Japanese money transmitter license in 2025 and began issuing its 1:1 yen-pegged stablecoin, JPYC, the same year. The company reported that within seven months of issuance, it has accumulated 18,000 accounts, with total issued amount exceeding ¥2.5 billion and cumulative transaction volume surpassing ¥35 billion. JPYC is currently deployed on Ethereum, Polygon, Avalanche, and Kaia, and has integrated with LINE’s Web3 wallet, Unifi, aiming to drive widespread adoption of stablecoins among general Japanese users.
JPYC Stablecoin Aims to Complete a $314M Series B Round and Expand Payment Use Cases
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Summary
JPYC, a stablecoin pegged to the Japanese yen and regulated under stablecoin rules, is nearing the close of its Series B round, with total funding expected to reach ¥5 billion. New investors include Life Design Fund and Meiji Yasuda Future Co-Creation Fund. The funds will support system upgrades, talent acquisition, and broader adoption in liquidity and crypto markets. JPYC plans to enhance machine-to-machine (M2M) payments through AI agents and expand its presence on Ethereum and Polygon. The stablecoin has issued over ¥2.5 billion in seven months and processed ¥35 billion in transactions. It is now integrated with LINE’s Web3 wallet, Unifi.
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