Binance News: Circle Partners with SBI Holdings to Launch Full-Scale USD Coin (USDC) Trading in Japan

Circle, a leading global financial technology firm, has announced a strategic partnership with SBI Holdings, one of Japan’s prominent financial services companies, to bring USD Coin (USDC) to the Japanese market. This partnership marks a significant milestone for USDC, as it becomes the first international dollar stablecoin to be legally recognized under Japan’s stablecoin framework.

Circle Partners with SBI Holdings to Drive USDC Adoption in Japan

Circle has partnered with Japan’s SBI Holdings to bring USD Coin (USDC) to the country. SBI VC Trade, a crypto exchange under SBI Holdings, will begin full-scale USDC trading on Mar. 26. USDC is now the first international dollar stablecoin to be legally recognized under Japan’s stablecoin framework, following regulatory approval. Circle has been working with banking partners and regulators for two years to make this possible. Japan’s transparent stablecoin regulations offer significant prospects for cross-border transactions, digital payments, and financial innovation, according to Circle’s CEO Jeremy Allaire.

Circle Expands Operations: USDC Becomes Japan’s First Approved Stablecoin

Circle has officially entered the Japanese market with a groundbreaking achievement, becoming the first company to have a global stablecoin approved for use under Japan’s financial regulations. After more than two years of engagement with regulators and industry players, Circle secured approval for USDC, positioning it as a key player in Japan’s growing digital finance sector. Leading Japanese exchanges, including SBI VC Trade, Binance Japan, and bitFlyer, are set to list USDC. The move is expected to unlock new opportunities in payments, cross-border transactions, and foreign exchange markets.