JPYC Stablecoin Surges as Japan's Logistics Industry Embraces Yen-Pegged Token

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

This growth is largely attributed to the adoption of JPYC by AZ-COM Maruwa Holdings, a logistics provider that supplies Amazon Japan. The company announced in July 2026 that it would use JPYC for payments to approximately 2,300 partners across its supply chain.

JPYC operates under Japan's fund transfer business framework, which gives it regulatory approval from day one. The token is backed by domestic yen deposits and Japanese government bonds, making it one of the few stablecoins globally with explicit regulatory blessing.