TechFlow news, July 16: According to Cointelegraph, Japan's largest payment network JCB has signed a memorandum of understanding with Circle. The two parties will explore a proof of concept for using USDC stablecoin for internal cross-border fund transfers within JCB, and evaluate providing stablecoin payment services for international tourists at Japanese merchants.
The collaboration will also evaluate technologies supporting multi-blockchain network interoperability. USDC is the world's second-largest stablecoin, with a circulating supply of approximately $73 billion. Japan is accelerating stablecoin payment applications, with multiple enterprises recently announcing related testing plans, including Nomura Securities exploring stablecoin foreign exchange settlement services, and Lawson convenience stores planning to test yen stablecoin payments in August, among others.
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