Logistics firm adopts JPYC stablecoin for 2,300 partners

A major Japanese logistics firm has announced plans to adopt a yen-pegged digital currency for payments to thousands of its business partners, marking what is believed to be the first large-scale corporate use of a stablecoin in Japan. AZCOM Maruwa Holdings, a key logistics provider for Amazon in Japan, will use the JPYC stablecoin to pay fees and compensation to approximately 2,300 partner carriers and independent drivers.

The company aims to streamline its payment processes, reducing transaction costs and improving settlement speed for its network. The stablecoin will allow for faster and more frequent payments to contractors, as it does not incur transfer fees. In addition to adopting the token for payments, AZCOM Maruwa plans to invest over 1 billion Japanese yen, roughly $6.2 million, in JPYC and form a direct business partnership with the issuer, JPYC Inc.

JPYC is a regulated, yen-pegged stablecoin that maintains a one-to-one value with the Japanese yen, backed by bank deposits and Japanese government bonds. It was launched on October 27, 2025, and operates on multiple blockchain networks, including Ethereum and Polygon. The token is issued by JPYC Inc., a company...