Japanese Logistics Firm Bets ¥1 Billion on Yen-Backed Stablecoin
In a market dominated by U.S. dollar-pegged stablecoins, there are growing signs that non-USD alternatives are beginning to gain ground. One recent example is the investment by Japan’s AZ-COM Maruwa Holdings—a logistics company whose customers include Amazon Japan—in a yen-backed stablecoin. The company will invest ¥1 billion (approximately $6.7 million) in JPYC, a stablecoin issued […]