Japanese logistics company to adopt JPYC stablecoin for payments
Japanese logistics company AZ-COM Maruwa Holdings plans to introduce payments to its partners in the JPYC stablecoin. If implemented, the project would become Japan’s first large-scale corporate example of regular use of a yen-pegged digital asset.
According to Nikkei, the company intends to use JPYC to pay for transportation services and compensation to around 2,300 business partners, including independent carriers and truck drivers. Since JPYC transfers do not involve fees, AZ-COM Maruwa expects to make payments faster and more frequently than through conventional bank transfers.
At the same time, the logistics operator is considering a partnership with JPYC Inc. and an investment of more than 1 billion yen, or around $6.2 million, in the company. No timeline for these plans has been disclosed.
AZ-COM Maruwa is a mid-sized Japanese logistics company whose major customers include Amazon Japan. If the project goes ahead, it will become one of the first large companies in the country to integrate a yen-backed stablecoin into routine business payments.
Japan prepares for corporate crypto payments
AZ-COM Maruwa’s plans come as Japan continues reforming its digital asset rules. The country’s authorities are gradually creating conditions for wider use of blockchain technology in corporate and institutional finance.
Earlier in July, Japan adopted amendments to the Financial Instruments and Exchange Act that reclassify cryptocurrencies from payment instruments to financial products. The new rules also establish a legal framework for domestic crypto exchange-traded funds, introduce insider trading restrictions for digital assets and prepare a separate tax regime for the crypto market that is expected to take effect in 2028.
Business interest in regulated blockchain payments is also growing. SBI Holdings and the Solana Foundation recently created a joint venture called SBI Solana Global, which will focus on developing onchain financial infrastructure in Japan. Its priorities include yen-denominated stablecoins, tokenized securities and settlement services for institutional clients.
Against this backdrop, Japanese companies are increasingly viewing stablecoins not only as a tool for crypto trading but also as a means of making everyday payments.
Why JPYC
USDT and USDC are far more popular in the global crypto market, but they are pegged to the U.S. dollar. For a Japanese company paying local carriers in yen, this would create an extra step: recipients would need to convert the stablecoins into the national currency, while the value of their payments could fluctuate with the dollar-yen exchange rate. JPYC is pegged to the yen, making it easier to integrate into existing payment processes, accounting systems and contractor agreements.
In addition, AZ-COM Maruwa’s goal is not to trade cryptocurrencies but to speed up routine business payments. Using a regulated Japanese stablecoin allows the company to keep settlements denominated in the national currency, avoid bank transfer fees and send smaller payments to drivers and other contractors more frequently. For its domestic logistics network, JPYC is therefore more practical than the more liquid but dollar-denominated USDT and USDC.
As previously reported, Japan launched the yen-pegged JPYC stablecoin in 2025.
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