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FollowingJPYC stablecoin information: US$38 million Series B financing and comparison with USDT and USDC
Japanese-registered stablecoin issuers have just received a new round of capital injection. JPYC has completed its Series B expansion financing with a total amount of 6 billion yen (approximately US$38 million), with logistics giant AZ-COM Maruwa Holdings joining as the latest investor.
The following are the complete details of this financing and the scale comparison between JPYC and U.S. dollar anchoring giants USDT and USDC.
How to achieve a US$38 million financing
JPYC confirmed the completion of the round of financing this week. The company said the funds raised will be used to build financial infrastructure, expand the Web3 ecosystem, accelerate the popularization of Yen-anchored tokens across Japan, while helping to expand its financial and Web3 ecosystem.
Financing stage| investors| Amount
First delivery of Series B (February 2026)| Asteria Corporation led the investment| Approximately US$12 million (1.78 billion yen)
Series B (March 2026)| Metaplanet Ventures| Approximately US$2.53 million (400 million yen)
Second delivery of Series B (April 2026)| many institutions| Approximately US$18 - 19 million (2.8 billion yen)
Series B expansion (August 2026)| AZ-COM Maruwa Holdings| Approximately US$6.3 million (1 billion yen)
Series B Total| total| About US$38 million (6 billion yen)
JPYC's development roadmap after financing
JPYC was launched in October 2025, becoming Japan's first stablecoin registered under the Payment Services Act. It is currently running on four blockchains: Ethereum, Polygon, Avalanche and Kaia.
Practical application pilots have been launched in retail stores, restaurants and medical institutions, and convenience store chain Lawson has begun testing JPYC's checkout function.
JPYC's comparison with USDT and USDC
JPYC is still small compared with the two major dollar-anchoring giants. As of early August 2026, the gap is as follows:
stablecoins| anchored assets| Main focus areas| Regulatory status
JPYC| yen| Japan Payment, Payroll, Web3| Registered under Japan's Payment Services Law
Tether (USDT)| dollars| Global transactions, liquidity| varies by jurisdiction
USD Coin (USDC)| dollars| Institutional finance, DeFi, payments| U.S. regulation, receiving a trust license from the New York State Department of Financial Services
JPYC is not currently trying to compete on scale, but is targeting a narrower track: creating a fully compliant, yen-denominated token designed specifically for the Japanese local payment system.
Most mainstream stablecoins are anchored to the US dollar, leaving room for local currency options in markets such as Japan, South Korea and Singapore. JPYC's bet is that Japanese companies and consumers prefer to use yen native tokens rather than conduct all transactions in the U.S. dollar first.
What JPYC stablecoin information means to Japan
Japan has been quietly building a regulated encryption infrastructure. The upcoming legislative reform will move the regulation of crypto assets from the Payment Services Act to the Financial Instruments and Transactions Act and comprehensively tighten disclosure rules. Well-funded and compliant participants like JPYC are expected to benefit from this shift.
Conclusion
JPYC's US$38 million Series B expansion financing marks the steady accumulation of capital and credibility in Japan's efforts to promote the yen stablecoin. With regulatory support under the Payment Services Act and expansion across four blockchains, JPYC is positioning itself as a compliant and localized alternative in a market still dominated by dollar-anchored tokens.
Whether this financing can be translated into practical applications will depend on the speed at which retail and corporate pilots can be scaled up from the current stage.
