Summary
- Circle announced that it is collaborating with Japan's major financial group SBI to launch USDC in Japan.
- It was reported that USDC is expected to be listed on several exchanges in Japan.
- Circle and SBI Holdings explained that they aim to provide a reliable solution within Japan's digital financial ecosystem.
Japan seems to be accelerating its adoption of stablecoins (virtual assets linked to the value of fiat currency). Circle, the issuer of USDC, is partnering with Japan's major financial group SBI.
On the 25th (local time), Circle announced through its official blog that it will start a joint venture with SBI Holdings and issue USDC on the 26th at SBI VC Trade. The Japan-based USDC is expected to be listed on local exchanges such as Binance Japan, Bitbank, and BitFlyer.
Circle stated, "Circle and SBI Holdings aim to integrate USDC into Japan's digital financial ecosystem to provide a reliable solution for digital payments, settlements, and financial operations."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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