Circle strengthens the loyalty to Japan with new investment and expanded USDC Access – Cryptomode
SBI Group will launch USDC on March 26, and while Circle creates the local asset, large stock exchanges are committed to future lists
Tokyo – (Business Tel) –Circle Internet Group, Inc.A global financial technology company and Stablecoin market leader today, today, the Japanese KK Japan Circle Japan Japan KK and local partnerships, explaining his depth to Japan. Circle’s partners in Japan will benefit from Circle’s platforms. USDC In Japan. These partnerships include a joint venture with the Japanese Financial Holding SBI Holdings, the SBI VC trade has started a full -scale launch of the USDC on March 26, and plans as well as plans as well as plans to list and distribute USDC in the near future.
On March 4, a crypto currency exchange in Japan and SBI VC Trade, a subsidiary of SBI Holdings Secure regulatory confirmation In order to introduce USDC under the Stablecoin regulatory framework of the Japan Financial Services Agency, the USDC made the first and only global dollar stablecoin approved for use in Japan. Today’s announcement points to a milestone in the partnership of Circle and SBI Holdings. Started in 2023 Combining the proliferation of USDC distribution, banking and web3 technology for the Japan market.
Circle’s launch in Japan creates USDC’s market presence and liquidity, while points to the increasing corporate trust of USDC’s benefit and reliability. With a special local asset, Circle is well positioned to support businesses and institutions by encouraging capabilities to accelerate the adoption of stablecoin, improve market infrastructure and increase digital finance innovation. By integrating USDC into Japan’s digital financial ecosystem, Circle and its partners are trying to provide reliable solutions for digital payments, settlements and treasury operations.
“Japan has long been at the forefront of the adoption of web3 and blockchain technology, and Japan’s regulatory leadership has been in the forefront of net rules for the use of stablecoins in the Japan’s financial system. ” Jeremy Allaire, Circle’s Founding Partner and CEO. “We are honored to bring USDC to businesses and consumers in the market, and with the strong support of Circle Japan KK and SBI holdings and leading stock exchanges, the USDC was positioned as a safe and transparent digital dollar that meets the needs of Japan’s developing digital economy. “
“SBI Holdings is proud to play an important role in expanding the adoption of USDC in Japan, which is a movement that increases digital asset accessibility and encourages financial innovation. ” Yoshitaka Kitao– Representative Director, President, President and CEO of SBI Holdings. “We believe that this initiative will increase financial accessibility and increase digital asset innovation and will be compatible with the future of payments in Japan and our wider vision for Blockchain -based finance. “
USDC is a fully protected digital dollar supported by high liquid cash and cash equivalent assets and 1: 1 for the US dollar. USDC reserves are made in financial institutions issued with third -party monthly approvals published by providing high level transparency for businesses and users.
Circle Internet Group, Inc. about
Circle is a global financial technology company that enables businesses and developers to use the power of digital currencies and public block chains for worldwide payment, trade and financial applications. Thanks to its regulated affiliated institutions, Circle is the exporter of USDC and EURC – Stablecoins, which can be accessed as open money protocols on the Internet. Circle’s platform offers corporate class APIs and SDKs to make organizations run businesses on a Blockchain, whether they are making international payments, globally accessible web3 applications or manage the internal treasure. Learn more https://circle.com.
SBI Holdings, Inc. about
Founded in 1999 as the pioneer of internet -based financial services in Japan, SBI Group, “Financial Services Business” such as Securities, Banking and Insurance Enterprises; “Investment Work”, which deals with private capital investment, including venture capital investment; “Asset Management Work” providing various services related to asset management; “Crypto-Varlık Work”, which operates crypto asset trade and exchange services; and Biotechnology, Health and Medical Informatics, Web3 and “Next Gen Business”, which includes commercial activities related to new overseas markets.
Contacts
SBI Holdings Corporate Communications DEP., E-mail: inq-@sbiigroup.co.jp
Circle Corporate Communications Dept., E -Post: press@circle.com
