JPYC raises $38M Series B led by Japanese logistics giant AZ-COM Maruwa

Japanese yen-pegged stablecoin issuer JPYC has secured $38 million in a Series B funding round. The round was led by AZ-COM Maruwa, a major Japanese logistics company. This latest investment pushes JPYC's total fundraising to $106 million overall. The company has now completed seven funding rounds since it began raising capital in November 2021.