SBI Holdings Bets Big on Stablecoin Future with $50M Circle Investment

Japan's financial giant just placed a $50 million wager on crypto's most controversial success story.

Why now? With regulators breathing down stablecoins' necks, SBI's move smells like either genius timing or reckless FOMO. Their pockets are deep enough to afford the gamble—unlike your average crypto degen.

Circle gets a lifeline while traditional finance plays catch-up. The irony? Banks still call crypto risky as they quietly buy in.

CRCL shares surged after their IPO launch on the NYSE Thursday. Chart: Trading View. Bullish on the future of the stablecoin, SBI previously stated: “Through the handling of USDC, we will provide customers with access to digital US dollars and promote efficient and cost-effective electronic payment methods in line with the development of the digital economy.” Shares of CRCL more than doubled across June 5 and 6, with trading starting at around $60/share and tapping $120 on Friday. SBI’s grab is said to consist of about 5% of the 34,000,000 Class A common stock shares offered up. SBI is also notably involved with XRP and Ripple, the extremely popular market-cap leading digital currency, and its issuer, and has backed solana NFT (non-fungible token) initiatives in Japan.

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