Circle Partners With Nomura to Offer Instant FX Settlement for Japanese Companies
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Circle is partnering with Nomura Securities to enter Japan's corporate foreign-exchange settlement market.
BlockBeats reported on June 25 that Circle and Nomura plan to launch a service as early as 2027 that would allow Japanese companies to settle foreign-currency transactions instantly.
The service is designed to process large overseas transactions in real time. The companies aim to streamline overseas investment and trade payments for Japanese businesses.
If implemented, the plan would mark the first entry by a major stablecoin issuer into Japan's intercompany transactions market.
Under the service, companies would be able to exchange yen for dollar-denominated stablecoins and use them for investment, remittances and payments.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.