JPYC, the Tokyo issuer of Japan’s first licensed yen stablecoin, has closed a Series B extension, lifting the funding round to roughly 6 billion yen (about $38 million). JPYC is a digital token, launched in October 2025, that always equals one Japanese yen. The second close was reportedly in April at 2.8 billion yen, taking the cumulative total to about 4.6 billion yen, with NCB Venture Capital, Metaplanet, and Sumitomo Life among the backers. Now with the added 1 billion yen investment, the total value gained from the funding round sits at about 6 billion yen ($38 million). Beyond just the investment, AZ-COM Maruwa Holdings plans to use JPYC to pay fees and salaries to about 2,300 business partners and individual contractors, including truck drivers.