JPYC, a Japanese issuer of yen-denominated stablecoins, has secured $38 million in new funding. The company said it completed a Series B round backed by investors including AZ-COM and Maruwa Holdings on August 6.
The funds will be used to expand real-world use cases for JPYC's stablecoin, particularly in payments and remittances. Additionally, the company aims to strengthen its ties with Web3 services.
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