Circle and Nomura, Reviewing Introduction of Stablecoin for Japanese Corporate FX Settlement

Circle and Japan's largest investment bank Nomura are reportedly planning to launch a stablecoin-based foreign exchange payment service for Japanese corporations as early as 2027. According to external media, the two entities are examining a structure that would convert yen into dollar-denominated stablecoins for cross-border transactions. The core focus is accelerating corporate FX settlement speed, enabling Japanese firms to instantly settle overseas transaction amounts by converting yen to dollar stablecoins. This aims to reduce payment delays caused by banking hours and time zones, effectively allowing dollar stablecoins to enter Japan's corporate FX market. The collaboration aligns with Japan's expanding stablecoin infrastructure, as financial institutions are increasingly reviewing regulated blockchain settlement models, with JPYSC and RLUSD recently launched in Japan.