Circle, Nomura eye Japan corporate FX with stablecoin settlement: Report
Circle and Nomura reportedly plan to launch instant foreign exchange settlement for Japanese companies by 2027. The service would let firms convert yen into dollar stablecoins for cross-border payments, speeding up settlement and reducing delays from banking hours and time zones. The move would bring one of the largest dollar stablecoins, USDC, into Japan’s corporate FX market and expand stablecoin use for business-to-business settlement. Japan is already moving quickly on regulated stablecoin infrastructure. SBI Holdings and Startale Group recently announced a yen-backed institutional stablecoin, and Ripple USD has launched in Japan. The country has one of the clearest legal frameworks for stablecoins, allowing banks, trust companies, and licensed money transfer providers to issue them. Regulators are also considering broader crypto rule changes that could shift digital assets under securities-style oversight and lower taxes.
