USDC Breaks Through in Japan
As of June 9, 2025, USDC—the dollar-backed stablecoin from Circle—is now officially in Japan’s digital mainstream. SBI Holdings and SBI Shinsei Bank injected US$50 million into Circle following the company’s NYSE debut (opened at $69, closed at $83).
Japan’s Financial Services Agency granted regulatory approval for it under the June 2023 revision to the Payment Services Act, making it the first globally backed stablecoin lawfully operational in the country . SBI VC Trade launched USDC trading on March 26, 2025, with major exchanges like Binance Japan, bitbank, and bitFlyer lining up to follow .
Circle and SBI formed Circle Japan KK, a joint venture aimed at embedding it into Japan’s finance ecosystem—covering programmable wallets, treasury services, and business payments . SBI Shinsei Bank will also provide the banking backbone to ensure liquidity and accessibility .
Globally, it has reached over $1 trillion in on-chain volume and holds nearly $60 billion in market cap—fully reserved and redeemable 1:1, offering stability and transparency . Japan’s growing crypto infrastructure and relaxed regulations position USDC to thrive in remittance, payments, and DeFi use cases.
YOU MIGHT ALSO LIKE: Breaking !Charles Hoskinson Declares Cardano Is Leading the Bitcoin DeFi Revolution
