Circle and Nomura Partner to Launch Stablecoin-Based FX Settlement Platform for Japanese Companies by 2027
By
@cointelegraph
Summary
Stablecoin issuer Circle and Japan's largest investment bank Nomura have reportedly partnered to enable instant foreign exchange settlement for Japanese companies, with the service potentially launching as early as 2027. The platform would allow companies to convert yen into dollar-denominated stablecoins for cross-border transactions, reducing settlement delays caused by banking hours and time zone differences. This partnership would bring one of the world's largest dollar stablecoins into Japan's corporate foreign exchange market, expanding stablecoin use for business-to-business cross-border transactions.
Source
bskyCircle and Nomura Partner to Launch Stablecoin-Based FX Settlement Platform for Japanese Companies by 2027cointelegraph.comKey quotes
· 2 pulledThe service would enable companies to convert yen into dollar-denominated stablecoins for cross-border transactions and instant settlement, reducing delays caused by banking hours and time zone differences
The partnership would bring one of the world's largest dollar stablecoins into Japan's corporate foreign exchange market, expanding the use of stablecoins for business-to-business cross
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