Japanese logistics company eyes JPYC stablecoin to pay drivers
Japanese logistics company AZ-COM Maruwa Holdings plans to adopt the JPYC stablecoin to pay fees and compensation to around 2,300 business partners, including truck drivers, allowing for faster and more frequent payments without transfer fees. The adoption is expected to be the first large-scale corporate use of the yen-denominated JPYC stablecoin in Japan. The company is also considering a partnership with JPYC and an investment of over 1 billion Japanese yen.
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Adopting JPYC stablecoin for payments to business partners may increase transaction efficiency, but its success hinges on the stability of the JPYC's peg to the yen, as significant fluctuations could erode trust among partners, particularly truck drivers relying on timely compensation.