TechFlow News: On February 28, according to Ledger Insights, JPYC, a Japanese yen-pegged stablecoin issuer, completed a Series B funding round of approximately $12 million, led by Asteria Corporation. JPYC officially launched in October 2025 under Japan’s regulatory framework for fund transfer services, positioning itself as an onshore Japanese yen stablecoin. The company has partnered with Densan Systems, which operates a payment network covering approximately 65,000 convenience stores across Japan, to explore domestic payments, cross-border remittances, and tourism-related payments within convenience store settings. Additionally, JPYC has joined Circle’s StableFX stablecoin foreign exchange quoting system for cross-border settlements.
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