AZ-Com Maruwa plans to use the yen stablecoin JPYC for payments to 2,300 partners, marking a significant corporate application in Japan.
AZ-Com Maruwa Holdings, a prominent logistics company in Japan, has announced its plan to utilize the yen-pegged stablecoin JPYC for payments to approximately 2,300 partners, including subcontractors and truck drivers.
This initiative marks a significant milestone as Japan's first large-scale corporate implementation of a stablecoin.
The Tokyo-listed logistics firm, which generated 230.5 billion yen (around $1.4 billion) in revenue in the last fiscal year, intends to enhance financial transactions within its network by adopting JPYC. The stablecoin, which was launched in October 2025 and is fully backed by yen deposits and Japanese government bonds, has been gaining traction in the country.
JPYC is recognized as Japan's first fully regulated yen stablecoin, issued by JPYC Inc. It is pegged at a 1:1 ratio with the yen, and its on-chain circulation recently exceeded 2 billion yen.
AZ-Com’s decision to implement JPYC is aimed at improving cash flow for drivers and small carriers, particularly in light of Japan's labor shortages and aging workforce. The company believes that the near-instant and cost-free conversions to yen through stablecoins will make contract work more attractive.
Additionally, AZ-Com is reportedly considering a formal partnership with JPYC's issuer and may invest 1 billion yen into the stablecoin.
This announcement follows a similar initiative from Lawson, a major convenience store chain, which will begin testing JPYC payments at select locations in Tokyo starting in early August. Both developments indicate a swift shift towards the mainstream adoption of regulated stablecoins in Japan, moving from consumer-focused trials to larger B2B applications.
