Japanese stablecoin issuer JPYC raises $38 million in Series B funding

According to The Block, Japanese stablecoin issuer JPYC has completed a Series B additional funding round, with a total financing amount of $38 million. AZ-COM Maruwa Holdings has injected $6.3 million, which will be used for financial and Web3 ecosystem construction, as well as the practical application of JPYC.