Logistics firm to pay drivers with yen stablecoin JPYC

AZ-COM Maruwa Holdings, a Tokyo-listed logistics firm distributing products for Amazon Japan, plans to pay about 2,300 partners including truck drivers using the regulated yen stablecoin JPYC. Backed 1:1 by yen deposits and Japanese government bonds, JPYC's onchain circulation has surpassed 2 billion yen. The move follows a Lawson convenience store pilot of JPYC payments.