[Stablecoin Issuer JPYC Nears Completion of Series B Financing, Life Design Fund Among Investors, Total Funding Approximately $31.4 Million] BlockBeats News, May 23: Japanese yen stablecoin issuer JPYC announced that the second round of its Series B financing is nearing completion, with total funding expected to reach approximately 5 billion yen. New investors in this round include Life Design Fund, IHD STRATEGY FUND, a fund under Awa Bank, and Meiji Yasuda Future Co-Creation Fund, among other institutions. JPYC stated that the new funding will primarily be used for system and application development, talent recruitment for business expansion, advancing stablecoin payment and management operations, and building AI Agent M2M (machine-to-machine) payment scenarios. JPYC obtained a Japanese funds transfer license in 2025 and began issuing the JPYC stablecoin, pegged 1:1 to the yen, in the same year. The company reported that within approximately seven months of issuance, the number of accounts had reached 18,000, with total issuance exceeding 2.5 billion yen and total transaction volume surpassing 35 billion yen. Currently, JPYC has been deployed on Ethereum, Polygon, Avalanche, and Kaia blockchains, and has integrated with LINE's Web3 wallet "Unifi," aiming to promote the adoption of stablecoins among everyday users in Japan. [Original Link]