Circle Partners with Nomura for Instant FX Settlement in Japan
- Partnership Overview: Circle has partnered with Japan's largest investment bank, Nomura, to offer instant foreign exchange settlement services for Japanese companies by 2027, aiming to enhance cross-border transaction efficiency by converting yen into dollar-denominated stablecoins.
- Market Impact: This service is expected to reduce delays caused by banking hours and time zone differences, thereby promoting the use of stablecoins in Japan's corporate foreign exchange market and facilitating B2B cross-border settlements.
- Stablecoin Significance: Circle's USDC stablecoin, with a market capitalization of $73.8 billion, is the world's second-largest stablecoin, and this partnership signifies its growing importance within Japan's financial ecosystem.
- Regulatory Landscape: Japan has established a legal framework for stablecoins, allowing banks and licensed money transfer providers to issue regulated tokens, with potential future regulations under the Financial Instruments and Exchange Act that could lower capital gains tax rates to 20%.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0256 | 0.0292 | 0.0323 | 0.036 | 0.0391 | 0.0427 | 0.0459 |
| Fibonacci | 0.0292 | 0.0318 | 0.0334 | 0.036 | 0.0386 | 0.0402 | 0.0427 |
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