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The Japanese yen stablecoin is raising funds again, with big ambitions... The Japanese yen stablecoin project JPYC has completed a new round of funding, with total funding approaching $29 million. The funds from this round will mainly be used for: system development, business expansion, stablecoin issuance, and payment system construction. Currently, it supports: Ethereum, Avalanche, Polygon, and plans to continue expanding to new blockchain ecosystems. Essentially, this is about one thing — capturing the "fiat on-chain" entry point. As more local currencies begin to go on-chain, the competition among stablecoins is just beginning.