Japan Auto Parts Maker Invests in US Stablecoin Firm, Stock Soars

Ikuyo, a Japanese auto parts manufacturer, has seen its stock reach unprecedented highs following a 300 million yen investment in Texas-based blockchain payment provider Galactic Holdings. The move signals growing institutional appetite for cryptocurrency solutions in traditional industries.

The investment builds on a June partnership between the companies, strengthening operational ties as manufacturers seek alternatives to conventional cross-border payment systems. Galactic Holdings' licensed remittance networks in Latin America offer blockchain-powered transactions that eliminate currency conversion delays.

Automotive supply chains increasingly view stablecoins and blockchain technology as solutions to inefficient global payment infrastructure. The sector's adoption reflects broader institutional recognition of digital assets' potential to streamline B2B transactions with faster settlements and enhanced transparency.