USDC Set to Launch in Japan: Circle and SBI Holdings Make History!

USDC Set to Launch in Japan! Circle & SBI Holdings to Introduce Stablecoin

Circle intends to join with local powerhouse SBI Holdings to launch USDC in Japan on March 26. This would be a major milestone for the Japanese blockchain ecosystem as well as the global stablecoin industry.

Japan has long been at the forefront of the adoption of Web3 and blockchain technology, and Japan’s regulatory leadership has similarly been out in front on clear rules for the use of stablecoins in the Japan financial system,

Jeremy Allaire, co-founder and CEO of Circle

USDC Gains Regulatory Green Light in Japan After Two-Year Effort

In accordance with the nation’s electronic payment system, Circle and SBI were granted regulatory permission by the Japan Financial Services Agency (JFSA) earlier in March. This comes weeks after the launch. Circle spent two years interacting with Japanese officials in order to get ready for the launch, according to a post on X by Allaire.

We believe this initiative will enhance financial accessibility and drive digital asset innovation, aligning with our broader vision for the future of payments and blockchain-based finance in Japan,

Yoshitaka Kitao, representative director, chairman, president and CEO of SBI Holdings

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