JPYC, the issuer of Japan's first registered stablecoin, has raised $38M (about 6 billion yen) in an extended Series B to accelerate adoption of its yen-pegged token.

Backers include logistics group AZ-COM Maruwa, which plans to pay roughly 2,300 business partners in JPYC, and Metaplanet Ventures. JPYC launched Japan's first registered stablecoin in October 2025, is piloting payments at Lawson convenience stores, and is competing with SBI Group's JPYSC as megabanks weigh their own stablecoins.