Circle Partners With Investment Giant SBI Holdings Amid Full-Scale Introduction of Stablecoins to Japan

Circle has announced a collaboration with SBI Holdings to introduce its stablecoin USDC and other web3 services into the Japanese market. The partnership will work towards the circulation of USDC and expanding the use of stablecoins in Japan, subject to regulatory approval. SBI will also adopt Circle's web3 services, such as blockchain infrastructure and smart contract management tools. The move comes as Japan prepares for the full-scale introduction of stablecoins, following the revision of a law to establish regulations for dollar-pegged crypto assets.