Amazon Japan logistics AZ-COM to pay partners with JPYC yen stablecoin
Japan’s Amazon Japan logistics supplier AZ-COM Maruwa Holdings plans to pay about 2,300 business partners—including subcontractors and independent truck drivers—using the regulated yen stablecoin JPYC, Nikkei Asia reported. JPYC is Japan’s first fully regulated yen-pegged stablecoin under the Payment Services Act, issued by JPYC Inc and kept at a strict 1:1 yen peg, backed 100% by bank deposits and Japanese government bonds.
AZ-COM says switching to JPYC aims to improve small carriers’ cash flow amid labor shortages, an aging workforce, and tighter overtime rules. The firm expects near-instant, fee-free yen conversion to make contracting more attractive. It is also considering a formal partnership with the issuer and a potential 1 billion yen investment.
This follows Lawson’s upcoming JPYC pilot at a Tokyo convenience store in early August, reinforcing Japan’s shift from consumer trials toward large-scale B2B corporate payments using JPYC.
Neutral
Adoption of the regulated yen stablecoin JPYC by AZ-COM for fee and contractor payments is constructive for JPYC’s real-economy credibility, but it is unlikely to create large price swings because stablecoins are designed to track the yen and have limited speculative demand. In the short term, traders may see modest sentiment support for JPYC-linked liquidity and broader Japan stablecoin narratives after Lawson’s planned pilot. Over the medium/long term, if more corporates follow, it could steadily increase transaction throughput and on-chain usage, but any direct effect on price should remain constrained by the 1:1 peg.