JPYC, a yen stablecoin issuer, has announced that its Series B funding round has reached $38M. According to the company, this new capital will be used to expand its financial and Web3 ecosystem, as well as accelerate the adoption of its yen-pegged token.
This development is based on reporting from CoinTelegraph.
JPYC's plans for the new funding are focused on growth and expansion, with the goal of increasing the use and acceptance of its stablecoin.