The issuer of the Japanese yen stablecoin JPYC has completed an additional funding round of approximately $17.62 million USD in its B round.

Golden Finance reports that on April 20, the Japanese yen stablecoin JPYC issuer JPYC completed a 2.8 billion yen (approximately 17.62 million USD) Series B follow-on funding round, with participating parties including Metaplanet, NCB Venture Capital, TechMira Holdings, Canal Ventures, SUMISEI INNOVATION FUND, i-nest capital, NTVP, Beiyang Bank, Yokohama Capital, and others. Among them, Metaplanet previously disclosed in March this year that it planned to invest up to 400 million yen in JPYC. The total amount raised in Series B reached approximately 29.62 million USD. This round of financing will be used for system and application development, talent recruitment, stablecoin issuance and settlement business, as well as strategic investments.

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