Japanese logistics firm pays contractors in JPYC stablecoin to attract partners amid labour shortage

A Japanese logistics company has begun paying its contractors using the JPYC stablecoin, pegged to the yen, in a bid to attract more business partners through faster settlement times, according to Nikkei. The move is a response to Japan's chronic labour shortage in the logistics sector. The firm hopes quicker payments will make it a more attractive partner for contractors.