issuer

Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer

Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer

JPYC, the issuer of a Japanese yen-pegged stablecoin, has raised ¥500 million (about $4.43 million) in a Series A round led by Headline Asia with participation from Circle’s Circle Ventures fund in the latter’s initial capital deployment. Tokyo-based JPYC issues the stablecoin as a prepaid payment instrument in Japan. The company plans to use the …

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Deltec, the bank for stablecoin issuer Tether, bought ‘large position’ in Bitcoin for clients

Deltec, the bank for stablecoin issuer Tether, bought ‘large position’ in Bitcoin for clients

Deltec, the Bahamas-based bank that holds the reserves for stablecoin giant Tether, holds a “large position in bitcoin” according to its chief investment officer. CIO Hugo Rogers disclosed the investment during a year-in-review video published on January 14. Specifically, the comments about the bitcoin position were in the context of a question about Deltec’s “high …

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