JPYC Stablecoin Sees Meteoric Rise as Logistics Giant Adopts Token

JPYC, Japan's first regulated yen-pegged stablecoin, has seen its market capitalization rise significantly over the past month. According to Token Terminal, the token's market cap on the Polygon blockchain increased by a staggering 132.8% in just one month.

This growth is largely attributed to AZ-COM Maruwa Holdings, a logistics provider that supplies Amazon Japan, which announced on July 20, 2026, that it would adopt JPYC for payments to approximately 2,300 partners across its supply chain. The company also revealed plans for a ¥1 billion investment in the ecosystem, equivalent to around $6.7 million.

JPYC operates under Japan's fund transfer business framework, making it one of the few stablecoins globally that launched with explicit regulatory blessing from day one. The token is backed by domestic yen deposits and Japanese government bonds, giving it a secure foundation in the market.