Huo Xing Finance reports that on July 15, JCB, Japan’s largest card network, signed a memorandum of understanding (MOU) with Circle to explore the use of USDC for cross-border payments, merchant settlements, and fund management, promoting the adoption of stablecoins in everyday payment scenarios in Japan. JCB serves approximately 140 million users and 40 million merchants globally. Initially, the two parties will conduct a proof-of-concept (PoC) focused on JCB’s internal fund transfers, and further investigate how USDC can enhance the efficiency of cross-border payments, reduce remittance costs, and enable international tourists to pay at Japanese merchants using stablecoins. This collaboration is part of Japan’s broader effort to commercialize stablecoins. Previously, Circle announced plans to partner with Nomura to develop a USDC-based foreign exchange settlement service, and Japanese convenience store chain Lawson also intends to launch a stablecoin payment pilot in August this year.
JCB and Circle Partner to Explore USDC Stablecoin Payments for 40 Million Merchants
MarsBitShare
Summary
On-chain news broke on July 15 as JCB, Japan’s leading bank card network, signed a memorandum of understanding with Circle to explore the use of the USDC stablecoin for cross-border payments, merchant settlement, and fund management. JCB serves 140 million users and 40 million merchants worldwide. The initial phase will test internal fund transfers, with future research focused on cross-border efficiency, remittance costs, and stablecoin usage by international tourists in Japan. This follows Circle’s partnership with Nomura for USDC-based foreign exchange settlement and Lawson’s planned stablecoin payment pilot in August. A network upgrade could enable broader adoption as Japan advances the commercialization of stablecoins.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.