Yen stablecoin issuer JPYC completes cumulative Series B extension financing of approximately 6 billion yen

Japanese yen stablecoin issuer JPYC announced the completion of its Series B extension financing, raising a cumulative total of approximately 6 billion yen in new funds. The company stated that the funds will be primarily used to expand the financial and Web3 ecosystem and accelerate the widespread adoption and implementation of the yen stablecoin "JPYC".