Japanese auto parts manufacturer IKUYO invests 300 million yen in an American company, using stablecoin for payment.
The first traditional Japanese automotive parts manufacturer to adopt stablecoins has arrived!
Japanese company IKUYO announced on August 27 that it has resolved to invest 300 million yen (approximately 2 million USD) in the American fintech company Galactic Holdings to acquire third-party common stock, introducing stablecoin technology into its B2B (business-to-business) cross-border payment processes, becoming a pioneer in the Japanese auto parts industry.
Source: IKUYO Official Press Release Japanese auto parts manufacturer IKUYO invests 300 million yen in an American company, using stablecoin for payment.
Source: IKUYO Official Press Release Japanese auto parts manufacturer IKUYO invests 300 million yen in an American company, using stablecoin for payment.
What is IKUYO? Why use stablecoins?
IKUYO (TSE Stock Code: 7273) was founded in 1947 and focuses on the manufacturing and sales of automotive components, especially parts made of resin.
IKUYO's overseas subsidiary 'Kunshan Sanying Automotive Systems Co., Ltd.' has frequent automotive parts transactions with the Mexican company Veritas, with current payments made in Mexican pesos and then converted to USD for settlement.
However, such cross-border payment processes are not only time-consuming but also incur additional foreign exchange and transaction fee costs.
To address this issue, IKUYO plans to introduce Galactic Holdings' stablecoin payment infrastructure. This project is currently in the proof of concept (PoC) stage, with expectations to effectively enhance payment speed and reduce transfer fees.
IKUYO stated it will leverage the global supply chain knowledge accumulated in automotive parts manufacturing to enhance the efficiency and transparency of international B2B (business-to-business) transactions, aiming to become an industry pioneer in global payments between Japan and Central and South America, and Southeast Asia.
Source: IKUYO Official Website What is IKUYO? Why use stablecoins?
Further reading:
What are the stablecoins? Which has the highest market value? 2025 stablecoin investment analysis guide.
Benefiting from stablecoin news, IKUYO's stock price sets a new historical high.
After IKUYO announced its investment plan and adoption of stablecoins, the market quickly reacted.
On August 28, after the market opened, IKUYO's stock price broke through the historical high of 1040 yen in March 1997, reaching 1275 yen at one point, setting a new historical high.
Since the beginning of the year, the stock price has increased more than fourfold, indicating high market expectations for the future potential of traditional industries combined with stablecoin applications.
Source: Google IKUYO's stock price broke through the historical high of 1040 yen in March 1997, reaching 1275 yen at one point, setting a new historical high.
Japan welcomes the year of stablecoins, with government and private sectors advancing together.
IKUYO's cross-border attempts come amidst the booming development of Japan's stablecoin market.
(Crypto City) Previously reported that JPYC's CEO Okabe Noritaka confirmed at the WebX 2025 conference that JPYC has successfully obtained Japan's first stablecoin issuance license, symbolizing that Japan's stablecoin policy has officially entered the practical operation phase.
Okabe stated that JPYC will serve as both the issuer and intermediary, and plans to collaborate with retail channels such as convenience stores to expand the application of stablecoins into daily life.
At the same time, Matsumoto Oki, chairman of Japan's listed financial services company Monex Group, also revealed that he is considering issuing a stablecoin pegged to the yen and plans to utilize the resources of its cryptocurrency exchange Coincheck to promote this business.
From JPYC successfully obtaining a license to IKUYO's actual adoption, to Monex Group's proactive planning, Japan's stablecoin ecosystem and corporate adoption are advancing at an unprecedented pace.
See more news about Japanese cryptocurrencies:
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'Japanese company IKUYO enters the crypto space! Becomes the first automotive parts manufacturer to use stablecoins, stock price skyrockets to new highs' was first published in 'Crypto City'.
