Japanese stablecoin issuer JPYC raises $38 million through an extended Series B funding round, the company says. In a statement reported by multiple outlets, JPYC says the proceeds are intended to support growth plans across both its traditional finance activities and its Web3-related ecosystem. The company also says it will use the funding to accelerate adoption of its yen-pegged stablecoin.
Both reports describe the funding amount as $38 million and frame the round as an extension of JPYC’s Series B. Beyond general expansion goals, the stated focus centers on strengthening JPYC’s infrastructure and services for users and partners, as well as increasing the reach of its yen-pegged token. The outlets do not provide additional details such as investor names, valuation, or specific product milestones in the excerpts provided. The reports consistently present the fundraising as a step to broaden JPYC’s ecosystem and drive further use of its stablecoin.
