On May 23, JPYC, a Japanese yen stablecoin issuer, announced that its Series B financing round is nearing completion, with total funding expected to reach approximately 5 billion yen. New investors in this round include Life Design Fund, IHD STRATEGY FUND, a fund under Awa Bank, and Meiji Yasuda Future Co-Creation Fund, among others. JPYC stated that the new funding will primarily be used for system and application development, recruitment of business expansion talent, advancement of stablecoin payment and management services, as well as the construction of M2M (machine-to-machine) payment scenarios for AI Agents. JPYC obtained a license as a money transfer operator in Japan in 2025 and began issuing the stablecoin JPYC, which is pegged 1:1 to the yen, in the same year. The company reported that within approximately 7 months of issuance, the number of accounts reached 18,000, with a total issuance exceeding 2.5 billion yen and total transaction volume surpassing 35 billion yen. Currently, JPYC has been deployed on four chains: Ethereum, Polygon, Avalanche, and Kaia, and has integrated with the LINE ecosystem's Web3 wallet 'Unifi', aiming to promote the adoption of stablecoins among ordinary users in Japan.