According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen stablecoin JPYC, announced that it has completed the second closing of its Series B funding round, raising approximately $17.62 million. Combined with the initial closing, the total funding is expected to reach approximately $28.93 million. Participants include NCB Venture Capital, Metaplanet, Hokuyang Bank, and Yokohama Capital. The funds will primarily be used for system and application development, business expansion and recruitment, stablecoin issuance and redemption, trading, payment and management-related businesses, and new strategic investments. JPYC stated that as of April 15th, its cumulative issuance has exceeded approximately $13.21 million. It currently supports Avalanche, Ethereum, and Polygon, and is considering adding Kaia and Arc.