Japan Set To Welcome First Legally-Backed Dollar Stablecoin: Find Out Which One It Is
Leading stablecoin issuer Circle announced the launch of its USD Coin
USDC/USD
- Free Alerts
in Japan on Tuesday through a joint venture with financial conglomerate SBI Holdings Inc.
What Happened: According to a press release, Circle will utilize its Japanese subsidiary, Circle Japan KK, and domestic partnerships to enhance the adoption of its platforms and technologies in Japan.
The partnerships also encompass a joint venture with cryptocurrency exchange SBI VC Trade, a subsidiary of SBI Holdings, which is slated to fully launch USDC on March 26. Circle added that other major exchanges like Binance Jap