Overview
- AZ-COM Maruwa announced its plan on Sunday, July 19, to invest ¥1 billion in JPYC and to use the token to pay about 2,300 partner carriers and independent drivers.
- The reported ¥1 billion stake is roughly equal to JPYC’s total issuance to date, meaning the move would materially change the token’s circulating supply.
- JPYC is a yen‑backed stablecoin approved by Japan’s Financial Services Agency that can be redeemed 1:1 through JPYC EX and operates on Ethereum, Avalanche, and Polygon.
- AZ-COM and JPYC have not released a detailed rollout schedule or explained how partners will receive, hold, or convert tokens, leaving practical payment mechanics unresolved.
- If implemented, the plan could speed and lower the cost of payments for drivers and test whether regulated stablecoins backed by bank deposits and government bonds can scale from pilots into routine business settlement.