JPYC, the issuer of the yen-pegged stablecoin, has successfully raised approximately 2.8 billion yen (around $17.62 million) in an additional Series B funding round. According to Foresight News, the investment round saw participation from Metaplanet, NCB Venture Capital, TechMira Holdings, Canal Ventures, SUMISEI INNOVATION FUND, i-nest capital, NTVP, Hokuyo Bank, and Yokohama Capital. Earlier this year, Metaplanet had announced plans to invest up to 400 million yen in JPYC. The total amount raised in the Series B round now stands at approximately $29.62 million. The funds will be allocated towards system and application development, talent acquisition, stablecoin issuance and settlement operations, and strategic investments.