JPY stablecoin issuer JPYC completes around $12 million Series B funding round, led by Asteria Corporation

BlockBeats News, February 28, according to Ledger Insights, the Japanese yen stablecoin issuer JPYC has completed a approximately $12 million Series B funding round, led by Asteria Corporation.

JPYC officially launched in October 2025 under Japan's Fund Settlement Service Provider regulatory framework, positioned as an onshore yen stablecoin. It has partnered with Densan Systems, which covers approximately 65,000 convenience stores in Japan, to explore domestic payments, cross-border remittances, and tourist payment applications in convenience store scenarios. In addition, JPYC has also participated in Circle's StableFX stablecoin foreign exchange quoting system for cross-border settlement.