finance
AZ-COM Maruwa Holdings plans to pay 2,300 partners with regulated yen stablecoin JPYC
The Tokyo-listed logistics firm will use Japan's first regulated yen stablecoin for payments to subcontractors and truck drivers, marking the first large-scale corporate use of a stablecoin in day-to-day operations.
Jul 20, 4:10 AM·1m read1 source
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AZ-COM Maruwa Holdings plans to pay about 2,300 partners, including subcontractors and truck drivers, using the regulated yen stablecoin JPYC. The Tokyo-listed logistics firm distributes products for Amazon Japan and has worked with the retailer since 2017. It reported 230.5 billion yen ($1.4 billion) in revenue for the fiscal year ended March.
JPYC is Japan's first fully regulated yen-pegged stablecoin. , it debuted in October 2025 under the Payment Services Act and maintains a strict 1:1 peg to the yen, backed 100% by bank deposits and Japanese government bonds. Its onchain circulation surpassed 2 billion yen as of last week.
The company aims to speed cash flow to drivers and small carriers facing Japan's labor shortages, an aging workforce and stricter overtime rules. Near-instant, fee-free conversions to yen are intended to make contracting work more attractive. AZ-COM Maruwa Holdings is also considering a formal partnership with JPYC Inc.
And a 1 billion-yen investment in the token. The plan follows last week's announcement that convenience-store chain Lawson will pilot JPYC payments at its Takanawa Gateway City store in Tokyo starting in early August. CoinDesk reported that the two moves together signal rapid mainstream adoption of regulated stablecoins in Japan, shifting from consumer retail tests to large-scale business-to-business payments.
