Overview
- JPYC closed a ¥6 billion (about $38 million) Series B extension, a move announced on Thursday that the company says will speed expansion of its yen‑pegged stablecoin and Web3 payment services.
- Tokyo‑listed logistics group AZ‑COM Maruwa invested ¥1 billion and plans to pilot JPYC to pay roughly 2,300 subcontractors, drivers and partners to enable faster, fee‑free settlements and more frequent payouts than bank transfers.
- Convenience retailer Lawson is running point‑of‑sale stablecoin trials that began with JPYC on Aug. 6 and will add USDC and USDT in a second scheduled trial, testing wallet integration, settlement speed and routine store operations.
- JPYC issues a yen‑pegged token on multiple blockchains including Avalanche, Ethereum, Polygon and Kaia and says each token is backed one‑to‑one by deposits and government bonds held in reserves.
- The fundraising and pilots come as Japan clarifies crypto rules and major banks and firms develop trust‑bank or joint yen stablecoins, creating a competitive but clearer path for regulated on‑chain payments and tokenized finance.