Circle announced that its USDC stablecoin will officially launch in Japan on March 26, following regulatory approval for its listing on SBI VC Trade. The approval was granted on March 4, allowing the exchange to integrate USDC under the Japan Financial Services Agency’s regulatory framework. This partnership is part of a joint venture between Circle Japan KK and Japan's financial conglomerate SBI Group. Circle is also eyeing listings on Binance Japan, bitbank, and bitFlyer, two of Japan's largest exchanges. The development marks the culmination of two years of negotiations with regulators, as stated by Circle’s CEO Jeremy Allaire. The launch aims to enhance financial accessibility and foster crypto innovation within Japan's digital economy. In addition to USDC, Circle's euro-backed stablecoin, EURC, was recently recognized under the Dubai Financial Services Authority’s regulations, allowing for broader integration in various digital asset applications. As of now, USDC maintains a market cap of $59.7 billion, second only to Tether.

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