CoinDesk·9h ago·positive

Circle and Nomura partner to bring USDC-based settlements to Japan's $440 billion FX market

Circle and Nomura plan to launch a USDC-based corporate payment service in Japan by 2027, targeting the $440 billion daily FX market with blockchain-based settlements.

Japanese businesses will be able to exchange yen for USDC for cross-border supplier payments and FX settlements
The service aims to cut standard bank wire times from 2-3 days to minutes using blockchain
Japan's FSA cleared USDC under updated payment rules, making it the first global dollar stablecoin allowed for local corporate use
Nomura will handle client onboarding, regulatory compliance, and integration with existing banking systems

marketregulationImpact 7/10

Why our editor rated this positive

A major traditional financial institution partnering with a stablecoin issuer for real-world corporate payments signals growing institutional adoption.

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