A Japanese logistics giant just doubled the entire supply of the country’s first regulated yen stablecoin. In one move.
AZ-COM Maruwa Holdings, a major third-party logistics provider and Amazon delivery partner in Japan, is deploying the JPYC stablecoin to pay roughly 2,300 subcontractors and independent drivers. The company is backing the initiative with a ¥1 billion investment, a figure that approximately matches the entire prior cumulative issuance of JPYC, which sat between ¥1 billion and ¥1.3 billion before this deal.
What JPYC actually is
JPYC launched on October 27, 2025, as Japan’s first regulated yen-pegged digital asset. It maintains a 1:1 peg to the Japanese yen, backed by bank deposits and Japanese government bonds.
The stablecoin operates on public blockchains including Avalanche, Ethereum, and Polygon. Under Japan’s Payment Services Act, it’s classified as a prepaid payment instrument.
