[JPY Stablecoin Issuer JPYC Completes $12 Million Series B Funding Round, Led by Asteria] According to Ledger Insights, Japanese yen stablecoin issuer JPYC has completed the first phase of its Series B funding round, raising approximately 1.78 billion yen (around $12 million). The round was led by Japanese IT solutions provider Asteria, with most of the funds coming from domestic enterprises and fund institutions in Japan. BitFlyer Holdings also participated. JPYC launched in October 2025 under Japan's regulatory framework for fund transfer businesses and is currently the only onshore yen stablecoin. It has partnered with Densan Systems, a payment infrastructure provider covering approximately 65,000 convenience stores in Japan, to explore domestic payments, cross-border remittances, and tourism payment applications in convenience store scenarios. Additionally, JPYC is participating in Circle's stablecoin forex quotation system, StableFX, for cross-border settlements.