The funding will expand its regulated yen-backed stablecoin payment network and product development. Funding Boosts Stablecoin Payment InfrastructureJPYC, which develops regulated stablecoins denominated in Japanese yen-has raised $38 million in an extended Series B round, fueling an expansion to develop a network of regulated digital payment solutions throughout Japan. Investment Supports Commercial Payment AdoptionThe funding comes as more Japanese companies explore blockchain-powered payment systems under the country’s stablecoin regulatory framework. Founded in 2019, JPYC became Japan’s first registered stablecoin issuer under the amended Payment Services Act after launching its yen-backed stablecoin in October 2025. SBI recently launched its trust-backed JPYSC stablecoin, while MUFG, SMBC and Mizuho are jointly developing another regulated digital currency platform.