{"id":125736,"date":"2025-03-25T01:18:39","date_gmt":"2025-03-25T01:18:39","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125736"},"modified":"2025-03-25T01:18:39","modified_gmt":"2025-03-25T01:18:39","slug":"usdc-stablecoin-receives-approval-for-use-in-japan-says-circle","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125736","title":{"rendered":"USDC stablecoin receives approval for use in Japan, says Circle"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCircle said it will officially launch its stablecoin in Japan on March 26 after one of its local partners received regulatory approval to list the US dollar stablecoin three weeks ago.<br \/>\nUSDC (USDC) will first be listed on the \u201cSBI VC Trade\u201d crypto exchange under a joint venture between its parent firm \u2014 Japanese financial conglomerate SBI Holdings \u2014 and Circle\u2019s Japanese entity Circle Japan KK, Circle said in a March 24 statement.<br \/>\nThe news comes three weeks after SBI VC Trade secured an industry-first regulatory approval on March 4 to list USDC under the Japan Financial Services Agency\u2019s stablecoin regulatory framework.<br \/>\nCircle is also looking to list USDC on Binance Japan, bitbank, and bitFlyer in the near future.<br \/>\nJapan\u2019s bitbank and bitFlyer are two of the country\u2019s largest crypto exchanges \u2014 having processed more than $25 million each over the last day with over 1.85 million visits to their websites in the last month.<br \/>\nThe regulatory approval comes after two years of back-and-forth negotiations with regulators, banking partners, and industry players, Circle\u2019s Jeremy Allaire said in a March 24 X post.<br \/>\n\u201c[This] unlocks tremendous opportunities not just in trading digital assets, but more broadly in payments, cross border finance and commerce, FX,\u201d he added.<br \/>\nSource: Jeremy AllaireSBI Holdings CEO and president Yoshitaka Kitao said the USDC launch would enhance financial accessibility and drive crypto innovation in Japan\u2019s evolving digital economy.<br \/>\n\u201c[This aligns] with our broader vision for the future of payments and blockchain-based finance in Japan.\u201d<br \/>\nRelated: Gold-backed stablecoins will outcompete USD stablecoins \u2014 Max Keiser<br \/>\nMeanwhile, USDC and Circle\u2019s euro-backed EURC (EURC) stablecoin were recognized as the first stablecoins under the Dubai Financial Services Authority\u2019s new regime on Feb. 24.<br \/>\nThe recognition allows companies operating in the Dubai International Financial Centre \u2014 a free economic zone \u2014 to integrate the two stablecoins into a range of digital asset applications, including payments, treasury management and services.<br \/>\nUSDC remains the second largest stablecoin by market cap at $59.7 billion, trailing only Tether\u2019s USDT at $143.8 billion, CoinGecko data shows.<br \/>\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unanswered<a href=\"https:\/\/cointelegraph.com\/news\/circle-launch-stablecoin-usdc-japan-march-26?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCircle said it will officially launch its stablecoin in Japan on March 26 after one of its local partners received regulatory approval to list the US dollar stablecoin&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125736"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125736"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125736\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125736"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}