JPYC raises 5 billion yen in Series B funding

JPY stablecoin issuer JPYC Corporation announced the completion of Series B funding, raising a total of 5 billion yen (approximately 31.4 million US dollars) through the first and second rounds of fundraising. New investment institutions include Life Design Fund、IHD STRATEGY FUND、Awagin Future Creation Investment Limited Partnership Partnership with Meiji Yasuda Future Co creation Investment Limited. The funds will be used to expand the financial and Web3 ecosystem.