Circle announced that the stablecoin USDC will be launched on Thursday at the digital currency exchange SBI VC Trade, a subsidiary of SBI Financial Group, in Japan to expand its operations. USDC will initially be available from March 26 through Circle Japan KK at SBI VC Trade exchange and is planned to be launched in other local exchanges such as Binance Japan, Bitbank, and BitFlyer in the future. This action will take place after obtaining legal approval by SBI VC Trade to process USDC transactions. Circle also revealed a joint investment with SBI Holdings. Jeremy Allaire, CEO of Circle, stated that the company is the first and only stablecoin issuer authorized to operate in the Japanese markets. He added that this opens significant opportunities in various areas including payments, cross-border trade, and foreign exchange.
