Circle has become the first company to receive regulatory approval to launch the USDC stablecoin in Japan. Operations will be conducted in partnership with SBI Holdings.
USDC Receives Official Approval in Japan
Circle has obtained the necessary regulatory approval to launch the USDC stablecoin in Japan. The Financial Services Agency (FSA) recognized USDC as the first dollar-backed cryptocurrency eligible for trading in the country. Operations will be carried out through Circle Japan KK with SBI Holdings' involvement.
Exchange Operations and Market Integration
Preparations for USDC trading on Japanese exchanges are nearing completion. SBI VC Trade plans to list USDC in March. Other major exchanges, including Binance Japan, bitbank, and bitFlyer, are also expected to list USDC. This will enhance liquidity and trading volumes in the market.
Global Plans and Digital Solutions
Circle intends to use USDC not only for investment but also for digital financial solutions such as cross-border transfers and payment systems. Collaboration with financial technologies and traditional banks in Japan is also on the agenda.
The approval of USDC in Japan opens new opportunities for integrating traditional and digital financial systems. This is the first step in realizing the company's long-term global expansion plans.
