Stablecoin issuer JPYC is about to complete its Series B financing, with participation from Life Design Fund and others, raising a total of approximately 5 billion yen

Japanese yen stablecoin issuer JPYC announced that its Series B round of financing is about to be completed, with a total financing amount 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 Meiji Yasuda Future Co-Creation Fund, among others.

JPYC stated that the new financing will mainly be used for system and application development, recruitment of business expansion talent, promotion of stablecoin payment and management business, as well as the construction of M2M (machine-to-machine) payment scenarios for AI Agents. JPYC obtained a license for Japanese money transfer operators in 2025 and began issuing the stablecoin JPYC, which is pegged to the yen at a 1:1 ratio, in the same year. The company reported that within about 7 months of issuance, the number of accounts reached 18,000, with a cumulative issuance exceeding 2.5 billion yen and a total transaction volume exceeding 35 billion yen. Currently, JPYC has been deployed on four chains: Ethereum, Polygon, Avalanche, and Kaia, and has integrated with the LINE ecosystem Web3 wallet Unifi, aiming to promote the adoption of stablecoins among ordinary users in Japan.