Tokyo-based SBI Holdings and Circle, the stablecoin issuer of USD Coin (USDC), solidified a partnership to introduce USDC and Web3 services in Japan. This move follows Japan’s regulatory adjustments in support of stablecoins. SBI aims to secure registration as an electronic payment service, marking a significant stride towards mainstream stablecoin use. Circle’s CEO sees this alliance as pivotal for digital currency’s future in Japan and Asia, emphasizing plans for Web3 service adoption.
Circle and SBI Holdings partner to boost USDC circulation in Japan
