Circle Internet Group (CRCL), the company behind the USDC stablecoin, is reportedly planning to work with Nomura (NMR) to launch instant foreign-exchange settlement services for Japanese businesses as early as 2027, Nikkei Asia reported Thursday.

The offering would enable businesses to exchange yen for dollar-denominated stablecoins and settle international transactions within minutes, compared with the current half-day settlement timeframe, according to the report.

The initiative would mark the first entry by a major stablecoin issuer into Japan's corporate payments market and aims to improve capital efficiency and support cross-border trade and investment, the report added.

Circle Internet and Nomura did not immediately respond to MT Newswires' request for comment.

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