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Project Overview
JPYC is a stablecoin pegged to the Japanese Yen that supports NFT purchases and the exchange of crypto assets for real-world goods. JPYC is committed to providing compliant Japanese Yen stablecoin issuance and operation services.
JPYC completes approximately $38 million Series B funding round, with AZ-COM Maruwa Holdings participating and funds earmarked for payments to 2,300 truck drivers
: Japanese yen stablecoin operator JPYC Inc. has announced an extension of its Series B funding round, bringing total funding to approximately 6 billion yen, or roughly $38 million. The latest investment includes approximately 1 billion yen (about $6.3 million) from Tokyo-listed logistics company AZ-COM Maruwa Holdings. Core business: operating JPYC, a stablecoin pegged 1:1 to the Japanese yen. JPYC launched the stablecoin in October 2025 and became the first digital currency to be registered as an official electronic payment instrument under Japan's revised Payment Services Act. Each JPYC is backed by yen bank deposits and Japanese government bonds, and holders can redeem them for regular yen on demand. AZ-COM Maruwa Holdings plans to use JPYC to pay approximately 2,300 business partners and independent contractors for transportation work and outsourced services, primarily covering truck drivers and subcontractors. The company is also developing a dedicated wallet application and plans to link payments with delivery confirmation records, potentially executed through GPS tracking or smart contracts.
Yen stablecoin issuer JPYC completes cumulative Series B extension financing of approximately 6 billion yen
Japanese yen stablecoin issuer JPYC announced the completion of its Series B extension financing, raising a cumulative total of approximately 6 billion yen in new funds. The company stated that the funds will be primarily used to expand the financial and Web3 ecosystem and accelerate the widespread adoption and implementation of the yen stablecoin "JPYC".
Japan-based stablecoin JPYC completes $32 million Series B funding round
According to CoinPost, Japanese stablecoin issuer JPYC announced the completion of its Series B funding round, raising approximately $32 million. New investors include four institutions, such as Life Design Fund. Since its launch in October 2025, JPYC’s business has grown significantly—reaching 18,000 user accounts and over $220 million in total transaction volume within seven months. JPYC is now supported on four blockchains and has been officially adopted by LINE’s Web3 wallet “Unifi.” The company plans to use the funds to accelerate system development and advance real-world applications of JPYC in AI-powered automated payments and cross-border financial infrastructure.
Gate Ventures: Tech Stocks Drive Market Recovery, Crypto Assets and Investment & Financing Also Recover in Sync
Odaily Odaily News According to the latest weekly report from Gate Ventures, there are signs of a staged recovery at the macro level. While major stock indices showed divergent performance, the overall trend was upward, and market risk appetite has somewhat improved. Against this backdrop, the crypto market rebounded in tandem, with BTC rising by 6.6% and ETH by 4.7%. They also recorded net spot ETF inflows of approximately $823.7 million and $155 million respectively, indicating a strengthening return of capital. The total market capitalization increased by 5.2%, while the market cap excluding BTC and ETH grew by 2.6%, suggesting that upward momentum is beginning to spread to a broader range of assets, albeit at a relatively moderate pace.In terms of asset and sector dynamics, structural opportunities continue to emerge. The top 30 assets averaged a 4.2% increase. Meanwhile, advancements at the on-chain and industry levels are persisting, including ongoing developments in digital currency infrastructure and asset tokenization. Regarding investment and financing, 12 transactions were completed last week, with a total disclosed financing amount of approximately $54.89 million, representing a month-over-month increase of about 31%. Capital primarily flowed into DeFi and infrastructure sectors. Notably, JPYC secured $17.62 million in funding to advance the infrastructure development of its yen-backed stablecoin. 3F completed a $4 million seed funding round, with participants including Gate Ventures. Against the backdrop of a marginally improving macro environment, investment and financing activity has picked up, with capital still focusing on long-term application scenarios and foundational capability building amidst volatile conditions.
JPYC, the issuer of the yen-pegged stablecoin, has completed a $17.62 million Series B extension round.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.
HTX will list JPYC (JPY Coin) at 21:00 on September 28.
According to the official announcement, Huobi HTX will open JPYC/USDT spot trading and grid trading at 21:00 (UTC+8) on September 28. JPYC deposits will open at 15:00 on September 28, and withdrawals will open at 21:00 on September 29. JPYC is a Japanese yen stablecoin issued by JPYC Inc., regulated under Japan's Payment Services Act, and classified as an electronic payment instrument. It is pegged 1:1 to the Japanese yen, with reserves held in bank deposits and Japanese government bonds. Users can mint or redeem JPYC through the JPYC EX platform after completing KYC, or use it for payments, transfers, DeFi, and other scenarios on blockchains such as Ethereum and Polygon. Its design aims to provide a compliant and transparent digital yen solution.
Japanese Yen Stablecoin JPYC Urgently Halts Ethereum Issuance Reservations, Cause of Glitch Still Under Investigation
Odaily News: Japanese yen stablecoin issuer JPYC has issued a glitch notice, announcing an emergency suspension of the JPYC issuance reservation service on the Ethereum network. The official statement said that the feature is currently suspended, and the technical team is urgently investigating and troubleshooting the specific cause of the glitch. JPYC has apologized to affected users and promised to release follow-up announcements through official channels as soon as the details are confirmed.
Japanese logistics giant AZ-COM Maruwa plans to adopt Yen stablecoin JPYC for corporate payments
According to CoinDesk, Tokyo-listed logistics company AZ-COM Maruwa Holdings (9090) announced plans to use the regulated yen stablecoin JPYC to make payments to its approximately 2,300 partners (including subcontractors and truck drivers). The company has provided delivery services for Amazon Japan since 2017, with revenue reaching 230.5 billion yen (approximately $1.4 billion) in the previous fiscal year.
Japan's three major banks to jointly issue stablecoin by March 2027
Japan's three largest banks have announced plans to jointly issue a stablecoin within the current fiscal year ending March 2027. The banking arms of Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group will establish a committee to review the operational framework and prepare for the issuance.The Japanese Financial Services Agency has been supporting the experimental phase of this project as part of Japan's efforts to leverage blockchain technology to enhance its payment systems. Previously, Japanese startup JPYC began issuing a yen-pegged stablecoin in October last year, and this month, a ruling party panel also proposed promoting the use of yen stablecoins for settlements in Asia. (Reuters)
Japan’s Liberal Democratic Party Pushes for Cryptocurrency ETF Legalization and Promotion of Yen-Backed Stablecoins in Asia
According to Cryptopolitan, Japan’s Liberal Democratic Party (LDP) Blockchain Promotion Group recently submitted a proposal to Finance Minister Kayoko Shiozawa, calling for the establishment of a legal framework for cryptocurrency ETF trading and promoting the yen-pegged stablecoin as a payment instrument in Asian markets. The proposal states that cryptocurrency ETFs are easier to operate than direct holdings of crypto assets and should receive formal recognition in the Japanese market. Meanwhile, LDP member Junichi Kanda expressed hopes of promoting the yen-pegged stablecoin policy during the 2027 Asian Development Bank Annual Meeting, which will be hosted in Tokyo. Currently, Japanese startup JPYC launched Japan’s first licensed yen-pegged stablecoin in October 2025, while Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Financial Group have jointly initiated a stablecoin pilot project. Previously, Japan’s Cabinet approved reclassifying cryptocurrencies as financial products, laying the groundwork for implementing the ETF framework.
JPYC Partners with SBJ Bank and LINE NEXT to Launch Proof of Concept for JPY Stablecoin Account Funding Feature
JPYC Corporation, the issuer of the Japanese yen stablecoin JPYC, announced the signing of a Memorandum of Understanding (MOU) for business cooperation with SBJ Bank and LINE NEXT to jointly conduct a Proof of Concept (PoC) for an account-linked top-up feature. This collaboration aims to connect bank accounts, stablecoins, and digital wallets. SBJ Bank will provide bank accounts and infrastructure and validate integration with traditional financial services. LINE NEXT will provide digital services encompassing Unifi Pay along with blockchain technology. JPYC will be responsible for technical support regarding issuance and redemption and establish the verification environment. Additionally, SBJ Bank and LINE NEXT will explore commercial pathways for integrating traditional banking operations with Web3 ecosystem platforms.
Gate Ventures: Tech Stocks Drive Market Recovery, Crypto Assets and Investment & Financing Also Recover in Sync
Odaily Odaily News According to the latest weekly report from Gate Ventures, there are signs of a staged recovery at the macro level. While major stock indices showed divergent performance, the overall trend was upward, and market risk appetite has somewhat improved. Against this backdrop, the crypto market rebounded in tandem, with BTC rising by 6.6% and ETH by 4.7%. They also recorded net spot ETF inflows of approximately $823.7 million and $155 million respectively, indicating a strengthening return of capital. The total market capitalization increased by 5.2%, while the market cap excluding BTC and ETH grew by 2.6%, suggesting that upward momentum is beginning to spread to a broader range of assets, albeit at a relatively moderate pace.In terms of asset and sector dynamics, structural opportunities continue to emerge. The top 30 assets averaged a 4.2% increase. Meanwhile, advancements at the on-chain and industry levels are persisting, including ongoing developments in digital currency infrastructure and asset tokenization. Regarding investment and financing, 12 transactions were completed last week, with a total disclosed financing amount of approximately $54.89 million, representing a month-over-month increase of about 31%. Capital primarily flowed into DeFi and infrastructure sectors. Notably, JPYC secured $17.62 million in funding to advance the infrastructure development of its yen-backed stablecoin. 3F completed a $4 million seed funding round, with participants including Gate Ventures. Against the backdrop of a marginally improving macro environment, investment and financing activity has picked up, with capital still focusing on long-term application scenarios and foundational capability building amidst volatile conditions.
Japanese Duty-Free Partners with UPBOND to Support JPYC Tax Refunds for Visiting Tourists Starting November 1
According to CoinPost, Japan Tax-free announced on October 29 that its refund service “JapanRefund” will begin supporting foreign visitors to receive tax refunds in the Japanese yen stablecoin JPYC starting November 1. Wallet infrastructure is provided by UPBOND, with funds dispatched via Avalanche C-Chain. November 1 also marks the transition to Japan Tax-free’s “refund method” system. Tourists must first purchase goods at tax-inclusive prices. Upon departure, customs verifies that the items are being taken out of the country, after which Japan Tax-free completes the reconciliation process before disbursing funds to the tourists’ wallets. JPYC maintains a 1:1 peg to the Japanese yen and is categorized as an electronic payment instrument under Japan’s Funds Settlement Act, rather than a crypto asset. According to the company, direct deposit to wallets reduces intermediary fees compared to credit card payments or international remittances. All disbursement records are stored on-chain, aiding in the prevention of money laundering and unauthorized claims. Merchants are also relieved of handling tourists’ card numbers or account details. Tourists may retain the received JPYC for expenses on their next trip to Japan, or swap it on-chain for other fiat-pegged stablecoins such as USDC. Delivery times, processing fees, and net credited amounts are subject to the terms of service.
JPYC Partners with SBJ Bank and LINE NEXT to Launch Proof of Concept for JPY Stablecoin Account Funding Feature
JPYC Corporation, the issuer of the Japanese yen stablecoin JPYC, announced the signing of a Memorandum of Understanding (MOU) for business cooperation with SBJ Bank and LINE NEXT to jointly conduct a Proof of Concept (PoC) for an account-linked top-up feature. This collaboration aims to connect bank accounts, stablecoins, and digital wallets. SBJ Bank will provide bank accounts and infrastructure and validate integration with traditional financial services. LINE NEXT will provide digital services encompassing Unifi Pay along with blockchain technology. JPYC will be responsible for technical support regarding issuance and redemption and establish the verification environment. Additionally, SBJ Bank and LINE NEXT will explore commercial pathways for integrating traditional banking operations with Web3 ecosystem platforms.
HTX will list JPYC (JPY Coin) at 21:00 on September 28.
According to the official announcement, Huobi HTX will open JPYC/USDT spot trading and grid trading at 21:00 (UTC+8) on September 28. JPYC deposits will open at 15:00 on September 28, and withdrawals will open at 21:00 on September 29. JPYC is a Japanese yen stablecoin issued by JPYC Inc., regulated under Japan's Payment Services Act, and classified as an electronic payment instrument. It is pegged 1:1 to the Japanese yen, with reserves held in bank deposits and Japanese government bonds. Users can mint or redeem JPYC through the JPYC EX platform after completing KYC, or use it for payments, transfers, DeFi, and other scenarios on blockchains such as Ethereum and Polygon. Its design aims to provide a compliant and transparent digital yen solution.
JPYC Surges Past 3 Yen Briefly After Upbit Listing, Supply Exceeds 4.2 Billion Yen in 48 Hours
Odaily News: Japan's first licensed yen stablecoin, JPYC, was listed on South Korean cryptocurrency exchange Upbit on September 17. The JPYC/KRW opening reference price was 8.81 Korean won, and it subsequently rose to 35.7 Korean won, reaching a high of approximately 37 Korean won, equivalent to over 3 yen.JPYC minted 1.687 billion yen on that day, and its circulating supply grew from approximately 1.9 billion yen to over 4.2 billion yen within about 48 hours. After the new supply entered the market, JPYC's price gradually returned to its 1:1 yen peg. (Bitcoin.com News)
Japanese Yen Stablecoin JPYC Urgently Halts Ethereum Issuance Reservations, Cause of Glitch Still Under Investigation
Odaily News: Japanese yen stablecoin issuer JPYC has issued a glitch notice, announcing an emergency suspension of the JPYC issuance reservation service on the Ethereum network. The official statement said that the feature is currently suspended, and the technical team is urgently investigating and troubleshooting the specific cause of the glitch. JPYC has apologized to affected users and promised to release follow-up announcements through official channels as soon as the details are confirmed.
Upbit will list PYUSD/KRW, JPYC/KRW, BTC, and USDT trading pairs
According to the official announcement, Upbit will list PYUSD and JPYC against KRW, BTC, and USDT.
Related news
Japanese Duty-Free Partners with UPBOND to Support JPYC Tax Refunds for Visiting Tourists Starting November 1
According to CoinPost, Japan Tax-free announced on October 29 that its refund service “JapanRefund” will begin supporting foreign visitors to receive tax refunds in the Japanese yen stablecoin JPYC starting November 1. Wallet infrastructure is provided by UPBOND, with funds dispatched via Avalanche C-Chain. November 1 also marks the transition to Japan Tax-free’s “refund method” system. Tourists must first purchase goods at tax-inclusive prices. Upon departure, customs verifies that the items are being taken out of the country, after which Japan Tax-free completes the reconciliation process before disbursing funds to the tourists’ wallets. JPYC maintains a 1:1 peg to the Japanese yen and is categorized as an electronic payment instrument under Japan’s Funds Settlement Act, rather than a crypto asset. According to the company, direct deposit to wallets reduces intermediary fees compared to credit card payments or international remittances. All disbursement records are stored on-chain, aiding in the prevention of money laundering and unauthorized claims. Merchants are also relieved of handling tourists’ card numbers or account details. Tourists may retain the received JPYC for expenses on their next trip to Japan, or swap it on-chain for other fiat-pegged stablecoins such as USDC. Delivery times, processing fees, and net credited amounts are subject to the terms of service.
Japanese yen stablecoin JPYC marks its first anniversary, with cumulative issuance exceeding 12 billion yen.
Currently, over 150 physical stores and e-commerce merchants have integrated with JPYC Payments, covering four blockchain networks: Ethereum, Avalanche, Polygon, and Kaia.
JPYC Partners with SBJ Bank and LINE NEXT to Launch Proof of Concept for JPY Stablecoin Account Funding Feature
JPYC Corporation, the issuer of the Japanese yen stablecoin JPYC, announced the signing of a Memorandum of Understanding (MOU) for business cooperation with SBJ Bank and LINE NEXT to jointly conduct a Proof of Concept (PoC) for an account-linked top-up feature. This collaboration aims to connect bank accounts, stablecoins, and digital wallets. SBJ Bank will provide bank accounts and infrastructure and validate integration with traditional financial services. LINE NEXT will provide digital services encompassing Unifi Pay along with blockchain technology. JPYC will be responsible for technical support regarding issuance and redemption and establish the verification environment. Additionally, SBJ Bank and LINE NEXT will explore commercial pathways for integrating traditional banking operations with Web3 ecosystem platforms.
JPYC: Polygon Network JPY Stablecoin Issuance Delay Resolved, Processing Gradually Resuming
Odaily News: JPY stablecoin issuer JPYC posted on X platform that JPYC issuance processing on the Polygon network had experienced delays since around 14:00 today. The issue has now been resolved, and previously backlogged issuance requests are being processed sequentially.JPYC emphasized that JPYC issuance services on other networks and redemption processing on all networks were unaffected by this incident.
JPYC Submits Information on the Competitive Environment for Stablecoin Payments to the Japan Fair Trade Commission
According to an official announcement from JPYC Co., Ltd., the company submitted information to the Japan Fair Trade Commission on September 14, 2026, explaining the competitive landscape for cashless payments amid the growing adoption of stablecoin payments. JPYC facilitates payments through blockchain-based direct value transfers and does not charge merchants franchise fees, with its system already deployed in over 150 physical and online stores. Some merchants have begun offering discounts and free shipping to customers paying with JPYC, but remain cautious due to concerns about violating credit card franchise agreements. In response, JPYC stated that independent merchant pricing differentiation is a legitimate business decision. The Fair Trade Commission's 2022 report also noted that clauses universally prohibiting merchants from setting different terms for different payment methods could potentially raise issues under the Antimonopoly Act under certain circumstances.
HTX will list JPYC (JPY Coin) at 21:00 on September 28.
According to the official announcement, Huobi HTX will open JPYC/USDT spot trading and grid trading at 21:00 (UTC+8) on September 28. JPYC deposits will open at 15:00 on September 28, and withdrawals will open at 21:00 on September 29. JPYC is a Japanese yen stablecoin issued by JPYC Inc., regulated under Japan's Payment Services Act, and classified as an electronic payment instrument. It is pegged 1:1 to the Japanese yen, with reserves held in bank deposits and Japanese government bonds. Users can mint or redeem JPYC through the JPYC EX platform after completing KYC, or use it for payments, transfers, DeFi, and other scenarios on blockchains such as Ethereum and Polygon. Its design aims to provide a compliant and transparent digital yen solution.