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Circle's USDC Becomes First Regulated Stablecoin in Japan with SBI Partnership

Circle, the issuer of the USD Coin (USDC), has become the first regulated stablecoin issuer to secure approval for use in Japan
By: DeepNewz • March 25, 2025
Circle's USDC Becomes First Regulated Stablecoin in Japan with SBI Partnership

Circle, the issuer of the USD Coin (USDC), has become the first regulated stablecoin issuer to secure approval for use in Japan. This development is expected to drive digital finance innovation in the country.

To support its operations in Japan, Circle has launched a local entity, Circle Japan KK, and entered a strategic joint venture with SBI Holdings. SBI VC Trade, a subsidiary of SBI Holdings, is set to launch trading for USDC, with other major exchanges expected to follow soon.

Circle's CEO, Jeremy Allaire, emphasized the importance of partnerships with Japanese cryptocurrency operators to facilitate the growth and adoption of USDC in the region.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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Our articles are stored on Filecoin.

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