Circle and SBI Holdings Set to Launch USDC in Japan Under New Regulatory Framework

USDC becomes the first stablecoin approved under Japan’s regulations, with trading set to begin March 26, 2025, through SBI VC Trade and other exchanges.

• Circle and SBI Holdings have secured approval from Japan's Financial Services Agency to launch USDC, the first stablecoin approved under the country’s regulatory framework.
• Trading for USDC is scheduled to begin on March 26, 2025, with SBI VC Trade leading the rollout and support from domestic exchanges such as Binance Japan, Bitbank, and BitFlyer.
• Circle has established a local entity, Circle Japan KK, to manage operations and ensure compliance with Japan's regulations.
• USDC is fully backed by cash and cash-equivalent reserves held at regulated financial institutions, with monthly third-party attestations to ensure transparency.
• The launch highlights Japan’s leadership in stablecoin regulation and positions USDC as a tool for cross-border finance and a hedge against yen depreciation.

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