Japan’s biggest card network taps Circle to bring stablecoins to 40 million merchants
JCB and Circle will explore using USDC for cross-border payments and merchant transactions as Japan ramps up efforts to bring stablecoins into everyday commerce.
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Summary
- JCB, Japan’s largest card network, has signed an agreement with Circle to explore using USDC stablecoins for cross-border payments and merchant transactions.
- The partnership will begin with a proof of concept for JCB’s internal fund transfers and aims to improve payment efficiency, cut remittance costs and ease currency exchange burdens for tourists.
- The initiative comes amid a broader push for stablecoin adoption in Japan, including pilots such as Lawson convenience stores testing yen-denominated stablecoin payments starting in August.
