JPYC Secures $38M Series B for 2,300 Driver Payments

JPYC raises $38M in Series B led by AZ-COM Maruwa. Funds target payroll for 2,300 truck drivers, integrating stablecoin payments with logistics verification.

Woofun AI reports that JPYC Inc., a Japanese yen-pegged stablecoin operator, has expanded its Series B financing to approximately $38 million (6 billion yen). AZ-COM Maruwa Holdings, a Tokyo-listed logistics firm, contributed roughly $6.3 million (1 billion yen) to the round. JPYC, launched in October 2025, is the first digital currency registered as an electronic payment tool under Japan’s revised Payment Services Act. Each token is backed by yen bank deposits and Japanese government bonds, ensuring 1:1 peg stability and redeemability. AZ-COM Maruwa intends to utilize JPYC to compensate approximately 2,300 contractors and truck drivers. The firm is developing a dedicated wallet application to link payment records with delivery confirmations via GPS tracking or smart contracts.