JPYC Secures $38M in Series B Funding from AZ-COM Maruwa

JPYC has secured $38 million in Series B funding led by AZ-COM Maruwa to expand its stablecoin payment network.

The company will use the funds for product development, compliance, and payment network expansion, aiming to grow its services across business and consumer markets.

JPYC specializes in yen-linked stablecoin technology and digital payment systems for businesses and consumers in Japan.

With the introduction of stablecoin rules by Japan's authorities, more companies are building blockchain-based payment services under this framework.