JPYC, the issuer of the Japanese yen-stablecoin, has successfully completed the first phase of its Series B funding round, raising approximately 1.78 billion JPY (around $12 million). The funding was led by Asteria, a Japanese IT solutions provider, with significant contributions from domestic companies and institutional investors, including BitFlyer Holdings. Launched in October 2025, JPYC operates under Japan's fund transfer business regulatory framework and is the only onshore Japanese yen-stablecoin. The company has partnered with Densan Systems to explore payment solutions across 65,000 convenience stores in Japan, focusing on domestic payments, cross-border remittances, and tourism-related transactions. Additionally, JPYC is integrated into Circle's StableFX system for cross-border settlements.