Japan Stablecoin Race Just Got a Major Boost
JPYC Inc., behind the the yen-pegged stablecoin ethereum:0xe7c3d8c9a439fede00d2600032d5db0be71c3c29, has raised $38 million in an extended Series B round to expand its yen stablecoin ecosystem.
The company plans to accelerate JPYC adoption across payments and Web3 services.
Logistics giant AZ-COM Maruwa plans to use JPYC for contractor fees and salaries.
Japan's stablecoin market is also seeing growing interest from major financial institutions.