Circle Launches its Stablecoin USDC in Japan

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Circle, a leading global financial technology company and stablecoin market leader, has announced its strengthened commitment to Japan.

Utilizing its Japanese entity, Circle Japan KK, and local partnerships, Circle aims to enhance the adoption of its platforms and technologies in the country.

Through these partnerships, including a joint venture with Japanese financial conglomerate SBI Holdings, Circle seeks to promote USDC adoption in Japan. SBI VC Trade will launch USDC on March 26, with plans for major exchanges like Binance Japan, bitbank, and bitFlyer to list and distribute USDC soon.

On March 4, SBI VC Trade, a subsidiary of SBI Holdings, gained regulatory approval to introduce USDC under Japan’s Financial Services Agency stablecoin framework, making USDC the first and only global dollar stablecoin approved for use in Japan.