Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 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

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025
Most Popular

Crypto celebrity Thomas Sfraga pleads guilty to wire fraud

May 18, 2024

Free Online Slots – Ethereum World News

March 10, 2024

Tron Price (TRX) Soars: Leading the Altcoin Pack

June 10, 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.