FinanceAZ-Com Maruwa to Implement Yen Stablecoin JPYC for Payments in Japan
The Japanese logistics company aims to facilitate payments for 2,300 partners, including truck drivers, through JPYC, marking Japan’s first extensive corporate stablecoin implementation.
By Omkar Godbole|Edited by Sheldon Reback Jul 20, 2026, 8:10 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on
Major Japanese logistics firm plans to use yen stablecoin for payments. (Iban Lopez Luna/Pexels)Summary- AZ-Com Maruwa Holdings, a logistics firm listed in Tokyo that serves Amazon Japan, intends to utilize the regulated yen stablecoin JPYC to make payments to approximately 2,300 partners, which include subcontractors and truck drivers.
- JPYC, which is fully backed by yen deposits and Japanese government bonds, is seeing increased traction as evidenced by AZ-Com’s initiative and a new pilot program from Lawson convenience stores, indicating a swift mainstream acceptance of regulated stablecoins in Japan.
AZ-Com Maruwa Holdings, a logistics provider associated with Amazon Japan, is set to implement the regulated yen stablecoin JPYC for payments to its business partners, including independent truck drivers, as reported by Nikkei Asia.
The Tokyo-listed firm, which recorded 230.5 billion yen ($1.4 billion) in revenue for the fiscal year ending March, plans to utilize JPYC for various payments to its network of around 2,300 partners, which includes subcontractors and truck drivers. Since 2017, the company has been collaborating with Amazon Japan to provide delivery services for its e-commerce operations.
This initiative represents the first significant corporate application of a stablecoin for everyday operations in Japan, highlighting the growing mainstream acceptance of tokenized assets during a time when the broader cryptocurrency market remains subdued.
JPYC is recognized as Japan's inaugural fully regulated yen-pegged stablecoin, issued by JPYC Inc., a fintech firm based in Tokyo. Launched last October under the Payment Services Act, it is strictly pegged at 1:1 with the yen and is completely backed by bank deposits and Japanese government bonds. As of last week, its on-chain circulation exceeded 2 billion yen.
According to Nikkei Asia, Maruwa's strategy aims to enhance cash flow for drivers and small carriers amid Japan's labor shortages, an aging workforce, and stricter overtime regulations. The company anticipates that the near-instant and cost-free conversions to yen through stablecoins will make contract work more appealing.
Furthermore, Nikkei reported that AZ-Com is contemplating a formal business partnership with the issuer of JPYC and is considering investing 1 billion yen in the token.
This announcement follows last week's revelation that Lawson, a major convenience store chain in Japan, will begin testing JPYC payments at its Takanawa Gateway City location in Tokyo starting early August.
The initiatives from Lawson and AZ-Com indicate a rapid shift towards mainstream acceptance of regulated stablecoins in Japan, transitioning quickly from consumer-focused retail trials to large-scale B2B corporate transactions.
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Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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