AZ-COM Maruwa will use JPYC stablecoin for payments to 2,300 partners, marking Japan’s first large-scale corporate stablecoin deployment nationwide. Faster blockchain settlements aim to impro
AZ-COM Maruwa Holdings has adopted the JPYC stablecoin for payments to approximately 2,300 business partners and contractors, marking the first large-scale corporate use of Japan’s officially registered yen-backed stablecoin. According to Nikkei Asia, the logistics company will use JPYC to pay service fees and salaries for contractors, including truck drivers.
The initiative marks another step in Japan’s growing adoption of blockchain-based payment systems across the private sector. Besides introducing faster settlements, AZ-COM Maruwa aims to improve payment efficiency while strengthening relationships with its network of contractors.
JPYC is Japan’s first officially registered yen-pegged stablecoin. Its use by one of the country’s major logistics companies represents a notable expansion beyond pilot programs and limited business applications.
Moreover, Nikkei Asia reported that AZ-COM Maruwa is considering a strategic partnership with JPYC Inc. The proposal reportedly includes a 1 billion yen, or approximately $6.16 million, investment in the stablecoin issuer. Such a move would deepen the company’s involvement in Japan’s digital payments ecosystem.
Faster payments could also help the logistics provider address industry challenges. Japan’s transport sector has struggled with an aging workforce while stricter overtime rules have increased pressure on trucking companies. Consequently, quicker and more efficient settlements may help attract and retain business partners.
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JPYC has steadily expanded its presence since launching last October. Its latest milestone reflects growing acceptance among businesses seeking blockchain-based payment alternatives. The stablecoin issuer recently announced that onchain circulation has surpassed 2 billion yen, equivalent to about $12.3 million. That growth has come alongside new partnerships across multiple industries.
Additionally, Lawson, Japan’s third-largest convenience store chain, recently introduced a pilot program allowing customers to pay with JPYC. The initiative extends the stablecoin’s use beyond business transactions into retail payments. Institutional investors have also increased their exposure to the project. Earlier this year, Metaplanet Ventures invested 400 million yen, or roughly $2.46 million, in JPYC Inc.’s Series B financing round. The funding supports the company’s efforts to expand stablecoin infrastructure across Japan.
Meanwhile, traditional financial institutions are accelerating their own digital currency initiatives. SBI Group launched JPYSC in June as Japan’s first trust bank-backed yen stablecoin. Additionally, MUFG, SMBC, and Mizuho announced plans to begin live commercial transactions using a jointly issued stablecoin during fiscal year 2026.
Those developments indicate that stablecoins are gaining broader acceptance across Japan’s financial and commercial sectors. Corporate adoption, retail payment pilots, institutional investment, and bank-backed projects now form part of the country’s expanding digital asset ecosystem.
AZ-COM Maruwa’s decision to adopt JPYC introduces the first large-scale corporate payment use case for Japan’s registered yen-backed stablecoin. Combined with growing retail adoption and expanding financial sector participation, the move highlights the increasing role of stablecoins in the country’s payment infrastructure.
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