A startup, rather than a major financial institution, was able to become Japan’s first issuer of a yen-denominated stablecoin because of its early operating experience and the government’s push for financial innovation and startup growth, JPYC said.
JPYC, 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.
