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The JPYC-backed yen stablecoin will be deployed on Ethereum, Avalanche, and Polygon.
BlockBeats news, on August 19, the Japanese yen stablecoin issuer JPYC announced the completion of the registration for fund transfer business operators, with its Japanese yen stablecoin planned to be deployed on Ethereum, Avalanche, and Polygon. On November 10, 2021, the Japanese yen stablecoin issuer JPYC completed a Series A financing of 500 million yen (approximately 4.43 million USD), led by Headline Asia, with participation from Circle Ventures.