World · Institutional · Japan ·
JPYC yen stablecoin raises $38 million in Series B round
JPYC, which issues a yen-pegged stablecoin, closed a $38 million Series B round led by Japanese logistics firm AZ-COM Maruwa, bringing total capital raised to $106 million since November 2021.
Why it matters for the crypto market
A major Japanese company backing a yen stablecoin signals growing institutional acceptance of tokenized fiat currencies and Web3 infrastructure for regional financial services.
Source: cointelegraph.com
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