Metaplanet Ventures announced in March that it will invest up to 400 million yen, or about $2.53 million, in the Series B round in March. For JPYC, the partnership offers a chance to prove that a regulated yen stablecoin can handle real commercial payments at scale. Businesses will also need simple systems for converting tokens into bank deposits and accounting for stablecoin payments. How Competitive Is Japan’s Yen Stablecoin Market? JPYC’s advantage is that it entered the registered stablecoin market earlier and is already testing the token in logistics and retail settings.