BlockBeats News, April 20th. The Japanese yen stablecoin issuer JPYC announced that it has completed an additional funding of approximately ¥2.8 billion (approximately $18.66 million) in the second tranche of its Series B financing. Together with the previous round, the total fundraising for this round is expected to reach around ¥4.6 billion. Investors in this round include Metaplanet, NCB Venture Capital, Techmira Holdings, Canal Ventures, SUMISEI Innovation Fund, i-nest capital, NTVP, Hokuriku Bank, and Yokohama Capital, among others. Metaplanet had previously disclosed its intention to invest up to ¥400 million in JPYC.

The funds will be primarily used in four key areas: system and application development, hiring of business development talent, stablecoin issuance and settlement-related businesses, and potential strategic investment opportunities.

From a business perspective, JPYC has seen significant growth. As of mid-April 2026, its total circulation has exceeded ¥21 billion, a nearly 2.6x increase in the past three months, with a daily trading turnover rate of over 100%. Currently, there are approximately 17,000 accounts, but the number of wallet addresses that have held JPYC has exceeded 137,000, indicating a continued increase in on-chain circulation activity.

In terms of ecosystem expansion, JPYC has been deployed on Ethereum, Polygon, and Avalanche, and plans to expand to new chains such as Kaia and Arc, aiming to become a universal payment medium across digital economies.

In terms of use cases, JPYC is advancing its collaboration with Sony Bank and integrating with the Unifi wallet. It is also exploring scenarios such as tax-free refunds, cross-border payments, and e-commerce payments. On the international front, it has already implemented offline payment applications in El Salvador.