JPYC, the issuer of a Japanese yen-pegged stablecoin, has completed a Series B funding round of approximately $12 million, led by Asteria

Svmuu News: JPYC, the issuer of a Japanese yen-pegged stablecoin, announced the completion of the first tranche of its Series B funding round, raising approximately 1.78 billion yen (about $12 million). The round was led by Asteria, a Japanese IT solutions provider,Funding primarily came from domestic Japanese companies and investment funds, with BitFlyer Holdings also participating in the investment. JPYC officially launched in October 2025 under Japan’s money transfer business regulatory framework, positioning itself as an onshore yen-pegged stablecoin.The company has partnered with Densan Systems, which operates a payment network covering approximately 65,000 convenience stores across Japan, to explore applications for domestic payments, cross-border remittances, and travel payments in convenience store settings. Additionally, JPYC has joined StableFX, a stablecoin foreign exchange quotation system launched by Circle, for cross-border settlements. (Ledger Insights)