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Japan’s Yen Stablecoin Gets Big Boost | Bitcoin and Crypto News
Description
JPYC, Japan’s yen-backed stablecoin, just raised $38 million in its Series B round, bringing total funding to over $100 million since 2021. Backed by logistics giant AZ-COM Maruwa Holdings — which plans to use JPYC for real-world payments with clients like Amazon Japan — this marks the first large-scale corporate adoption of a stablecoin in Japan. With a current market cap of $55 million, the move signals a growing push to integrate yen stablecoins into everyday business operations, challenging the dollar’s dominance in digital finance and paving the way for deeper crypto adoption in Japan’s traditional economy.
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