Circle partner Nomura for stablecoin FX.
Circle and Nomura are eyeing a collaboration to build out a new stablecoin liquidity corridor. Targeted for next year, this will aim to bring the speed and finality settlement of stablecoins to traditional FX markets and fiat conversions.
Circle is already building out in the stablecoin FX space, with an innovative Stable FX product solution focused on this exact scenario.
Its network, Arc, has already welcomed in a variety of local-currency stablecoins and as time goes on, it is likely the liquidity will become deeper to be used at a global scale.
Japan is seeing a burgeoning stablecoin market with domestic Yen-backed stablecoins, as well as the rise of foreign Dollar-backed stablecoins USDC and RLUSD.
