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JPYC raises $38M to expand yen stablecoin use, starting with payments to 2,300 truck drivers in Japan.

Market News
06 Aug 2026
Bitcoin
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Bullish
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JPYC Inc. has raised about $38 million in its Series B funding round, including a $6.3 million investment from logistics firm AZ-COM Maruwa Holdings. The funds will support the rollout of JPYC's yen-pegged stablecoin for corporate payments, starting with paying around 2,300 truck drivers and contractors. This marks one of Japan's first real-world uses of a yen stablecoin for routine business payments, aiming to speed up transactions and reduce fees compared to traditional bank transfers. The partnership also aligns with Japan's government push for blockchain-based finance, with competition from SBI Group and major banks developing similar stablecoin projects. The success of this initiative could influence wider adoption of digital yen payments in Japan's logistics and retail sectors.

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