JCB and Circle to test stablecoins for treasury and merchant payments

They will work on a proof of concept using the USDC.

JCB Co., Ltd. has signed a memorandum of understanding (MOU) with an affiliate of Circle Internet Group to utilise stablecoins in payments.

The two companies will utilise the USD Coin (USDC), a stablecoin issued by Circle, for cross-border treasury operations and payments.

JCB and Circle’s initial efforts will include a proof of concept focused on JCB’s internal fund transfers, according to a statement on 14 July 2026.

They will also explore in-store stablecoin payments for merchants and international visitors in Japan.

JCB and Circle said they will evaluate “additional opportunities for collaboration that leverage stablecoin infrastructure to deliver new payment experiences for consumers and merchants.”

Under the MOU, JCB and Circle will explore collaborations that combine Circle’s stablecoin payment infrastructure with JCB’s merchant network for cross-border payment use.