Binance News: Circle Officially Launches USDC Stablecoin in Japan

In a significant development for the cryptocurrency market in Japan, Circle has announced the official launch of its US dollar-pegged stablecoin, USDC. Here’s a closer look at the key details and implications of this move.

Circle to Officially Launch USDC Stablecoin in Japan

Circle has announced the official launch of its US dollar stablecoin (USDC) in Japan. On March 26, USDC will be listed on the SBI VC Trade crypto exchange, a joint venture between Japanese financial giant SBI Holdings and Circle’s Japanese subsidiary, Circle Japan KK. Circle’s launch in Japan establishes USDC’s market presence and liquidity in the country, while signaling growing institutional confidence in USDC’s utility and reliability. By integrating USDC into Japan’s digital finance ecosystem, Circle and its partners aim to provide reliable solutions for digital payments, settlements, and treasury operations.

Binance Suspends Employee For ’Misconduct’ in Trading Probe

Binance has suspended a staff member for allegedly using confidential information from their previous role at BNB Chain to front-run a token launch. The employee’s misconduct involved front-running trades using insider information to gain improper profits. Based on its preliminary investigation, Binance found evidence that the employee purchased tokens through multiple wallet addresses before any public announcement was made for a Token Generation Event. The complaints were received on March 23, and Binance did not name the employee.