AZ-COM Maruwa Holdings Invests ¥1 Billion in JPYC Stablecoin for Enterprise Payments
Japanese logistics company AZ-COM Maruwa Holdings is investing ¥1 billion ($6.7 million) into the yen-backed stablecoin JPYC and will use it to pay nearly 2,300 partners. The investment equals or exceeds JPYC's current circulating supply of ¥1-1.3 billion.