AZ-COM Maruwa to use JPYC stablecoin for payments to 2,300 partners in Japan
AZ-COM Maruwa Holdings, a prominent logistics company in Japan, will begin using the JPYC yen-backed stablecoin to pay around 2,300 of its business partners, marking one of the first large-scale corporate adoptions of a Japanese yen-denominated stablecoin in the country. The initiative aims to streamline compensation and fee payments, particularly to independent contractors such as truck drivers responsible for transportation logistics. The process is expected to offer greater efficiency, allowing for quicker and more frequent payments as the stablecoin transactions come without traditional bank transfer charges.