JPYC Stablecoin News: $38M Series B and How It Compares to USDT, USDC Japan's registered stablecoin issuer just landed a fresh capital boost. JPYC has closed its extended Series B round at 6
Japan's registered stablecoin issuer just landed a fresh capital boost. JPYC has closed its extended Series B round at 6 billion yen, close to $38 million, with logistics giant AZ-COM Maruwa Holdings joining as the newest backer.
Source: X Post
Here's a full breakdown of the funding round and how JPYC's size compares to dollar-pegged giants like USDT and USDC.
JPYC Inc. confirmed the round's completion this week. The company said proceeds will fund its financial infrastructure, grow its Web3 ecosystem, and speed up adoption of the yen-pegged token across Japan as it works to expand its financial and Web3 ecosystem.
Stage
Investor
Amount
Series B, First Close (Feb 2026)
Asteria Corporation-led
~$12M (¥1.78B)
Series B (March 2026)
Metaplanet Ventures
~$2.53M (¥400M)
Series B, Second Close (Apr 2026)
Multiple institutions
~$18-19M (¥2.8B)
Series B Extension (Aug 2026)
~$6.3M (¥1B)
Total Series B
Combined
~$38M (¥6B)
Source:Fintech Observer
JPYC launched in October 2025 as Japan's first registered under the Payment Services Act. It now runs across four blockchains: Ethereum, Polygon, Avalanche, and Kaia.
Real-world pilots have started at retail shops, restaurants, and medical facilities, and convenience store chain Lawson has begun testing JPYC at checkout.
JPYC is still tiny next to the two dollar-pegged giants. Here's the gap as of early August 2026:
Stablecoin
Peg
Primary Focus
Regulatory Status
JPYC
Japanese Yen
Japan payments, payroll, Web3
Registered under Japan's Payment Services Act
Tether (USDT)
US Dollar
Global trading, liquidity
Varies by jurisdiction
USD Coin (USDC)
US Dollar
Institutional finance, DeFi, payments
US regulated, NYDFS trust charter
JPYC isn't trying to compete on size yet. It's chasing something narrower: a fully compliant, yen-denominated coin built for Japan's own payment rails.
Most major stablecoins are dollar-pegged, which leaves a gap for local-currency options in markets like Japan, South Korea, and Singapore.
JPYC's bet is that businesses and consumers inside Japan will prefer a yen-native token over routing everything through a dollar first.
Japan has been quietly building out regulated crypto infrastructure. Upcoming legislative reforms will shift crypto-asset oversight from the Payment Services Act to the Financial Instruments and Exchange Act, tightening disclosure rules across the board. A well-funded, compliant player like JPYC is positioned to benefit from that shift.
JPYC's $38 million Series B extension marks a steady build-up of capital and credibility for Japan's yen stablecoin push.
With regulatory backing under the Payment Services Act and expansion across four blockchains, JPYC is positioning itself as a compliant, local alternative in a market still dominated by dollar-pegged tokens.
Whether it can turn that funding into real adoption will depend on how fast retail and business pilots scale from here.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and stablecoin markets carry risk.
