Yen stablecoin issuer JPYC raises $40M in Series B

JPYC, a yen stablecoin issuer, has raised a total of 6 billion yen ($40 million) in its Series B round, The Block reported. Participants in the round included AZ-COM and Maruwa Gal. JPYC had previously said it raised 2.8 billion yen in the Series B round.