Stablecoin News: Nomura and Circle Target Instant Global Settlements With USDC

Key Insights:

• As per the latest stablecoin news, Nomura and Circle plan a USDC-based FX settlement for Japanese firms by 2027.
• Japan’s stablecoin market grows as JPYSC and Ripple RLUSD enter regulated use.
• Japan’s crypto bill could support ETFs lower taxes and tighter exchange rules.

Stablecoin news in Japan is moving toward corporate foreign exchange settlement, after Nomura and Circle partnered on a service using USDC. The plan targets Japanese companies that need faster cross-border payments and fewer settlement delays.

According to Nikkei, the service could begin as early as 2027. It would allow companies to convert yen into dollar-denominated stablecoins for international transactions and instant settlement.

The reported partnership places Nomura, Japan’s largest investment bank, closer to the country’s developing digital asset settlement market. It also extends Circle USDC into a corporate payments use case involving foreign exchange.

Stablecoin News: Nomura and Circle Plan USDC Settlement Service

The proposed service would give Japanese companies a way to move from yen into dollar-based stablecoins. The transactions, based on the stablecoin news, would use Circle USDC for settlement across borders.

That structure would bring one of the world’s largest dollar stablecoins into Japan’s corporate foreign exchange market. It would also expand stablecoin use in business-to-business settlement.

The reported arrangement comes as Japan’s financial institutions explore regulated blockchain-based settlement tools. These efforts have grown across stablecoins and digital assets. The focus has included institutional settlement, cross-border payments, and regulated token products.

Japan’s Stablecoin Activity Expands

On Wednesday, SBI Holdings and Startale Group announced JPYSC. The stablecoin is backed by a trust bank structure and designed for institutional settlement. It is also intended for cross-border settlement use.

The announcement added another yen-based project to Japan’s regulated stablecoin market. In addition to the stablecoin news, Ripple also launched its U.S. dollar-backed RLUSD stablecoin in Japan on June 24.

The launch took place through SBI VC Trade. Ripple received approval from Japan’s Financial Services Agency before the rollout.

Stablecoin News: Ripple Announces RLUSD Now in Japan | Source: X

Japan has already built a legal framework for stablecoin issuance. The country allows banks, trust companies, and licensed money transfer providers to issue regulated tokens.

These rules operate under the Payment Services Act. That framework has made Japan one of the first major economies to regulate stablecoins directly.

Circle USDC Push Comes as Crypto Rules Shift

Earlier in June, Japan’s Lower House passed a bill covering crypto assets. The bill would place digital assets under the country’s financial instruments framework.

The move could create a path for exchange-traded funds. It could also bring lower taxes, tighter exchange oversight, disclosure rules, and insider trading restrictions.

The proposed tax change would reduce crypto capital gains taxes. The current rate stands at 55%. Thus, the revised structure would lower the rate to a 20% flat tax. The change remains part of broader regulatory updates under discussion.

Circle has also expanded its stablecoin products through blockchain integrations. The company recently brought USDC, EURC, and its Cross-Chain Transfer Protocol to Cronos.

In an X post, Cronos said native USDC was coming to the Cronos app. It was also reported that users would be able to deposit dollars and trade tokenized stocks, crypto, and prediction markets.

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