$USDC

SBI, Japan's financial giant, invested USD $50 million in Circle.

SBI Holdings, one of the most powerful financial conglomerates in Japan, invested USD $50 million in the IPO of Circle, the American company that issues the popular stablecoin USDC.

*The Japanese financial group SBI Holdings invests USD $50 million in Circle, issuer of the USDC stablecoin.

*SBI acquired approximately 0.7% of Circle through new shares after its debut on the New York Stock Exchange.

*The main goal is to promote the use of USDC in Japan and expand the digital asset business throughout Asia.

Amid a very successful stock market debut, Circle received backing from one of the largest financial conglomerates in Japan.

SBI Holdings, based in Tokyo, invested USD $50 million in Circle's stock during the initial public offering (IPO), with the intention of encouraging broader use of the USDC stablecoin in the Japanese market, according to reports from the Nikkei Asia news agency.

Circle, the American company known for issuing the second-largest stablecoin, USDC, debuted on the New York Stock Exchange on Thursday, after formally applying for its IPO with regulators in May. Circle's shares, under the ticker CRCL, rose 200% in price on its debut, far exceeding the set price of USD $31 in the IPO.

The company raised just over USD $1.1 billion in its initial public offering, securing a market valuation of USD $6.9 billion and consolidating one of the most significant movements in the cryptocurrency industry so far in 2025.

Circle's public launch had attracted the attention of some high-profile institutions, including BlackRock, as previously reported. Cathie Wood's Ark Invest also actively participated with a stock purchase worth over USD $370 million. One of the largest financial conglomerates in Japan is also said to have joined her.