Ikuyo uses stablecoins for overseas business payments

Ikuyo Corporation, on September 10, 2025, reported the first-ever use of stablecoins for payments related to its overseas business. This initiative follows the company's August 27, 2025 announcement regarding a third-party share allocation from U.S. Galactic Holdings Ltd. The stablecoin payments covered a portion of mining machinery costs, electricity expenses, and maintenance fees in Canada.

The settlement process involved sending some funds via traditional bank routes in USD, while the remaining balance was settled using stablecoins through a Japanese electronic payment service provider. This required compliance with KYC, KYT, and travel rule regulations before purchasing stablecoins and transferring them to the recipient's wallet.

Ikuyo noted that while current Japanese regulations limit single remittances to 1 million yen, necessitating multiple transactions for larger payments like mining machinery, the stablecoin method significantly reduced both transfer times and costs compared to traditional bank transfers. Looking ahead, Ikuyo plans to leverage this experience to promote the adoption of stablecoin payment methods within the automotive parts sector, aiming for increased industry efficiency and sustainable development.