JPYC Completes Additional Financing of Approximately 2.8 Billion Yen with Participation from Metaplanet
04/20 09:50
On April 20, JPYC, the issuer of the Japanese yen stablecoin, announced the completion of approximately 2.8 billion yen (about 18.66 million USD) in additional financing during the second closing of its Series B funding round. Combined with the previous round of funding, the total amount raised in this round is expected to reach approximately 4.6 billion yen. Investors in this round include Metaplanet, NCB Venture Capital, Techmira Holdings, Canal Ventures, SUMISEI Innovation Fund, i-nest capital, NTVP, Bank of Beiyang, and Yokohama Capital, among others. Metaplanet had previously disclosed plans to invest up to 400 million yen in JPYC. The funds will be primarily allocated to four key areas: system and application development, recruitment of business development talent, stablecoin issuance and settlement-related services, and potential strategic investment opportunities. On the business front, JPYC has seen significant growth. As of mid-April 2026, its cumulative issuance has surpassed 2.1 billion yen, with a growth of approximately 2.6 times over the past three months; the daily trading turnover rate exceeds 100%. Currently, there are about 17,000 accounts, but the number of wallet addresses that have held JPYC has exceeded 137,000, indicating a continuous increase in on-chain circulation activity. In terms of ecosystem expansion, JPYC has been deployed on Ethereum, Polygon, and Avalanche, and plans to expand to new chains such as Kaia and Arc, aiming to become a universal payment medium across digital economic systems. In terms of application scenarios, JPYC is advancing cooperation with Sony Bank and integrating with Unifi wallet; it is also exploring practical scenarios such as tax refunds, cross-border payments, and e-commerce payments. Internationally, it has already implemented offline payment applications in El Salvador.
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