Circle has made history as the first stablecoin issuer to receive regulatory approval in Japan. This achievement paves the way for the official launch of USDC in the country, which will be led by SBI VC Trade, a subsidiary of SBI Holdings. The launch is set for March 26, marking a significant step for stablecoins in the Japanese market. This move is expected to enhance the adoption of digital assets in Japan and increase trust in Circle’s services.
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