JPYC raises $38M Series B as AZ-COM Maruwa backs yen stablecoin

JPYC, the Tokyo issuer of Japan’s first licensed yen stablecoin, has closed a Series B extension, lifting the funding round to roughly 6 billion yen (about $38 million).  The round includes the logistics group, AZ-COM Maruwa Holdings, coming in as a new investor. The company also plans to pay out the fees and salaries of...