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Circle and Nomura partner to launch stablecoin settlement service targeting Japan's $440B forex market

By

Olivier Acuna

4d ago· 1 min readenNews
financebusinesscryptocurrencycross-border payments

Summary

Circle Internet Financial and Nomura Holdings have announced a partnership to launch a digital asset settlement business in Japan, targeting the $440 billion daily foreign exchange market. The firms plan to deploy a corporate payment service as early as 2027, allowing Japanese businesses to exchange yen for USDC, Circle's USD-backed stablecoin. USDC is the world's second-largest stablecoin with a $73.8 billion market cap.

Source

bskyCircle and Nomura partner to launch stablecoin settlement service targeting Japan's $440B forex marketcoindesk.com

Key quotes

· 1 pulled
The agreement will let Japanese businesses exchange yen for USDC, Circle's U.S. dollar-backed stablecoin.
Snippet from the RSS feed
The stablecoin giant and the Japanese financial corporation plan to deploy cross-border foreign exchange settlements as early as next year.

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