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

AI Summary 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... fulltext: 330 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/jpyc-stablecoin-issuer-raises-series-b-round/ Source: CryptoPolitan