Binance News: Circle Secures Approval to Operate USDC in Japan and UAE, Marking Major Milestone for Stablecoin

In a significant development for the cryptocurrency industry, Circle has obtained approval to operate its USDC stablecoin in Japan and the United Arab Emirates (UAE). This approval paves the way for USDC to become the first and only global dollar stablecoin authorized for use in Japan, marking a major milestone for the digital asset.

USDC Booms As Circle Gets Approval To Operate In Japan And UAE

Circle has received approval to operate in Japan and the UAE, making USDC the first and only global dollar stablecoin approved for use in Japan. The company will partner with SBI, the sole exchange permitted to offer USDC to Japanese investors. SBI plans to open USDC trading to limited users on 12 March 2025. Jeremy Allaire, CEO at Circle, announced this milestone on 4 March 2025. In June 2022, Japan recognized tokens as digital currencies, requiring stablecoins to be linked to a fiat currency.

Pi Network Price Surges—Will the CoinMarketCap Listing Propel Pi Coin to a New High?

Despite broader market turbulence, PI has gained traction fueled by increasing investor confidence, a crucial migration deadline, and speculation over a potential Binance listing. At the time of writing, PI Coin is trading above $1.74, marking a 3% increase. Notably, it remains one of the few cryptocurrencies in the top 20 to post gains while the wider crypto market has faced substantial liquidations exceeding $1 billion. PI’s recent listing on CoinMarketCap has provided the project with a significant boost in visibility and credibility.