Circle to Launch USDC in Japan on March 26 Through SBI Partnership
Circle will launch USDC in Japan on March 26 through a partnership with SBI Holdings. This marks an important step for both the global stablecoin market and Japan’s blockchain ecosystem.
- The launch follows regulatory approval from the Japan Financial Services Agency (JFSA) earlier in March under the country's electronics payment framework.
- Circle spent two years engaging with Japanese regulators to prepare for this initiative.
- SBI Holdings aims to enhance financial accessibility and drive digital asset innovation in Japan.
- As of now, USDC has a market cap of approximately $59.7 billion.
- GCash, the Philippines' largest digital wallet, recently integrated support for USDC.
- Asia-Pacific contributes 29% of global digital currency transaction volume, leading over Western Europe and North America.