CoinDesk·3 min read·medium
JPYC raises $38 million Series B led by major Japanese logistics firm AZ-COM Maruwa
J
Jamie Crawley
✦AI Summary
Japanese stablecoin issuer JPYC raised $38 million in a Series B funding round led by logistics firm AZ-COM Maruwa. The partnership aims to facilitate the use of the yen-pegged stablecoin for daily business operations, marking a significant step for corporate crypto adoption in Japan.
The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021, according to venture capital data site Tracxn.
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