Svmuu News: According to NADA NEWS, JPYC, the issuer and operator of the yen-pegged stablecoin JPYC, announced that it has secured approximately $17.62 million in additional funding during the second closing of its Series B round. Combined with the proceeds from the first closing, the total funding raised is expected to reach approximately $28.93 million. Investors in this round include NCB Venture Capital, Metaplanet, Beiyang Bank, and Yokohama Capital. The funds raised in this round will primarily be used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payment and management-related operations, as well as new strategic investments. JPYC stated that as of April 15, its cumulative issuance had exceeded approximately $13.21 million. The platform currently supports Avalanche, Ethereum, and Polygon, and is considering adding Kaia and Arc.