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

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

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 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

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025
Most Popular

HEDERA’s The Hashgraph Group invests in AGNEXT technology

April 7, 2025

With $9.3 billion worth of stablecoins flowing into exchanges, traders are bracing for a rise in Bitcoin prices.

November 8, 2024

Bitcoin outstanding nears $23 billion as analyst warns of BTC price euphoria.

October 29, 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.