JPYC Adds ¥2.8 Billion in Series B Funding as Issuance Tops ¥2.1 Billion
The yen stablecoin issuer said its Series B total reached about ¥4.6 billion, while cumulative issuance surpassed ¥2.1 billion and grew roughly 2.6 times over three months.
Fact Check
CoinPost and bitbank both report the same specific figures: an additional ¥2.8 billion raised in JPYC's Series B, cumulative Series B funding of about ¥4.6 billion, and cumulative issuance above ¥2.1 billion with roughly 2.6x growth over three months. Both explicitly reference JPYC's official announcement on PRTIMES. BlockBeats independently matches those figures. Confidence is medium rather than high because the primary PRTIMES page itself could not be fetched in this run, and one secondary source appears to show a likely year typo in its page text, but the numerical details are consistent across all validated sources.
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Summary
JPYC said it raised an additional ¥2.8 billion in the second phase of its Series B financing, bringing the total round to about ¥4.6 billion. The yen stablecoin issuer also said cumulative issuance exceeded ¥2.1 billion, representing about 2.6x growth over the past three months. According to the company, the new capital will be used for product development, hiring, stablecoin settlement, and strategic investment.
Terms & Concepts
- Series B financing: A mid-stage fundraising round used by a company to scale its business, products, and operations after earlier funding stages.
- Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being linked to a fiat currency such as the Japanese yen.