There are new developments in Japan's stable currency payments. JCB, Japan ' s largest card organization, signed a memorandum of understanding with Circle, which will explore the use of USDC for cross-border payments, business transactions and fund settlements, starting with the conceptual validation of the transfer of funds within JCB.
Transfer from within first.
The two companies indicated that the initial work would focus on the JCB internal money transfer scene, testing whether the stabilization currency would improve settlement efficiency, reduce the cost of remittances and reduce the operational burden of cross-currency conversion. The follow-up discussion also covered the use of USDC for broader cross-border payment operations.
JCB is one of Japan ' s largest banking card networks, covering about 140 million users and 40 million businesses worldwide. The USDC, released by Circle, is now the second most stable currency in the world, with a market value of nearly $73 billion.
Underline businesses and visitors to the Visiting Day are the focus.
The two sides will also assess the feasibility of stabilizing currency payments in down-door online, with a focus on Japanese businesses hosting international tourists. According to both sides, the stabilization currency can be used to improve the efficiency of business funds and is also expected to reduce the burden on tourists to exchange currency before payments are made.
Citing relevant information, it is stated that visitors to visiting days currently rely mainly on bank cards for consumption, but the cards themselves have limits and stable currency payments are considered to be a supplementary form of payment.
Japan's Accelerated Stabilisation Currency Application
This cooperation is also a reflection of the fact that Japan is promoting a stable currency into daily consumption. Previously, it was reported that Lawson, a Japanese chain of convenience, would start a stabilization currency payment pilot in August to test the Japanese yen-denominated stabilization currency at the Tokyo Gate. Participants include KDDI and the digital asset wallet serviceer Hashport.
Circe also indicated that it was planned to develop a USDC-based foreign exchange settlement service for Japanese enterprises in collaboration with Nomura, as early as 2027.
From the information currently disclosed, JCB's cooperation with Circle is still at the pre-test stage, but Japan's payment agencies, retailers and financial technology companies have begun to simultaneously advance the practical application of stable currency offline payments and cross-border settlements.