Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Circle joins SBI Holdings in exploring expansion of USDC presence in Japan
ADOPTION NEWS

Circle joins SBI Holdings in exploring expansion of USDC presence in Japan

By Crypto FlexsNovember 27, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Circle joins SBI Holdings in exploring expansion of USDC presence in Japan
Share
Facebook Twitter LinkedIn Pinterest Email

USDC stablecoin issuer Circle has expanded its presence in Japan by partnering with Japanese securities and banking giant SBI Holdings.

in name Announced on Monday, Circle said it has signed a memorandum of understanding (MoU) with SBI Holdings. This includes “SBI Group and Circle working for the first time to distribute USDC and expand the use of stablecoins in Japan.”

SBI VC Trade is currently seeking to register domestically as an electronic payment service to distribute USDC stablecoins within Japan. Japan is an economic powerhouse expected to fall to fourth place in the world this year. estimate of the International Monetary Fund.

SBI Shinsei Bank will also provide banking services to Circle, according to the statement. “This will allow Japan-based businesses and users to access USDC and secure liquidity,” Circle said in a statement. “As part of SBI Group’s digital asset portfolio strategy, SBI Group will also adopt Circle’s Web3 service solutions such as programmable wallets, blockchain infrastructure and smart contract management tools.”

Circle CEO and co-founder Jeremy Allaire said the partnership with SBI Holdings “represents our shared vision for the future of digital currencies and is an important milestone in Circle’s expansion plans in Japan and the Asia Pacific region.”

Japan passes stablecoin bill last June

Circle’s Japan partnership comes after Japan. Last June, the Payment Services Act was revised. Enact regulations related to stablecoins. The Japanese government has reportedly worked to protect stablecoin investors following the collapse of TerraUSD.

SBI Holdings has been active in the cryptocurrency industry for a long time. Earlier this month, the financial group Partnership with SC VenturesTo establish , an investment arm of Standard Chartered. $100 million cryptocurrency vehicle in the United Arab Emirates.

Last September, Binance said: Partnership with Japanese bank MUFG affiliates As we re-enter the Japanese market, we study the issuance of new stablecoins pegged to fiat currency.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025

MEXC Enhances Futures Trading With Multi-Asset Margin Mode Across 14 Tokens

September 12, 2025

Ethereum Based Meme Coin Pepeto Presale Past $6.6 Million As Exchange Demo Launches

September 12, 2025

BlockchainFX Raises $7.24M In Presale As First Multi-Asset Super App Connecting Crypto, Stocks, And Forex Goes Live In Beta

September 12, 2025

Phemex Launches Multi-Assets Mode To Enhance Trading Efficiency And Risk Management

September 12, 2025

Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway

September 12, 2025

DOLLUM Expands Wallet Opportunities, Introducing New Security Features Following The DOL Token Sale

September 12, 2025

Ethena (ENA) Eye 50% rally, whale activities, transactions and users surge

September 12, 2025

Bitmine ‘s ethereum Holdings 46,255 Eth Buy 2.1 million units

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025
Most Popular

August Preview: Around $1 Billion Unlocked for This Token Project

July 28, 2024

Dogwifhat is leading the market with a 13% increase. What is driving the WIF price?

August 8, 2024

LayerZero Launches Eligibility Checker for Upcoming Token Airdrops

June 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.