Amazon Japan supplier AZ-Com Maruwa to adopt yen stablecoin JPYC for payments
Japanese logistics firm AZ-COM Maruwa Holdings plans to integrate the yen-pegged stablecoin JPYC to facilitate payments for its network of 2,300 subcontractors and drivers. This initiative aims to improve cash flow efficiency for workers while marking a significant shift toward large-scale corporate adoption of regulated stablecoins in Japan.
Tokyo-listed AZ-COM Maruwa Holdings (9090), which reported 230.5 billion yen ($1.4 billion) in revenue for the fiscal year ended March, plans to use JPYC for fees and other payments to its network of around 2,300 partners, including subcontractors and truck drivers. The company has been working with Amazon Japan since 2017, providing delivery services for its online shopping operations.
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