Japan’s largest credit card network, JCB, signs a cooperation agreement with Circle to explore cross-border payments with USDC and merchant applications

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Deep Tide TechFlow update: On July 15, CoinDesk reported that JCB, the largest credit card network in Japan, and Circle officially signed a memorandum of understanding (MOU). The two sides will jointly explore the use of the USDC stablecoin for cross-border payments and merchant transaction scenarios. JCB has 140 million users and 40 million merchants worldwide. The initial cooperation will focus on a proof of concept (PoC) for the concept of transferring funds within JCB, and will further explore solutions to reduce remittance costs, improve cross-border payment efficiency, and provide in-store stablecoin payment options for international tourists traveling to Japan.

This collaboration is a snapshot of the acceleration of stablecoin use cases taking root in Japan. Previously, Circle announced it would work with Nomura Securities to launch a USDC-based foreign exchange settlement service as early as 2027. Japanese convenience store giant Lawson also plans to start a stablecoin payment pilot in August, using JPYC, a yen stablecoin under KDDI.

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