Japanese Yen Stablecoin Issuer JPYC Completes Approximately $12 Million Series B Funding, Led by Asteria

Odaily News Japanese yen stablecoin issuer JPYC announced the completion of the first phase of its Series B funding, raising approximately 1.78 billion yen (around $12 million). The round was led by Japanese IT solutions provider Asteria, with the capital primarily sourced from Japanese domestic enterprises and fund institutions. BitFlyer Holdings also participated in the investment.

JPYC officially launched in October 2025 under Japan's fund transfer business regulatory framework, positioning itself as an onshore yen stablecoin. The company has partnered with Densan Systems, whose payment network covers approximately 65,000 convenience stores in Japan, to explore applications in domestic payments, cross-border remittances, and travel payments within the convenience store scenario. Additionally, JPYC has participated in the stablecoin foreign exchange quotation system StableFX launched by Circle for cross-border settlement. (Ledger Insights)