TechFlow news, July 15, according to CoinDesk reports, Japan's largest credit card network JCB officially signed a Memorandum of Understanding (MOU) with Circle, and both parties will jointly explore using USDC stablecoin for cross-border payments and merchant transaction scenarios. JCB has 140 million users and 40 million merchants globally. The initial cooperation will focus on proof of concept (PoC) for internal fund transfers within JCB, and further explore reducing remittance costs, improving cross-border payment efficiency, and in-store stablecoin payment solutions for international tourists visiting Japan.
This cooperation is a microcosm of the accelerated implementation of stablecoin applications in Japan. Previously, Circle announced it will cooperate with Nomura Securities to launch USDC-based foreign exchange settlement services as early as 2027; Japanese convenience store giant Lawson also plans to launch a stablecoin payment pilot in August, using KDDI's yen stablecoin JPYC.
