According to Coin World news, on August 23 (UTC+8), Japan's SBI Holdings announced the establishment of a joint venture with Circle Internet Holdings (NYSE: CRCL) aimed at promoting the application of USDC in Japan and expanding Web3 and digital financial scenarios. The two parties had signed a memorandum of cooperation as early as 2023 and officially reached an agreement to establish the joint venture in March 2025. SBI Group's subsidiary, SBI VC Trade, has become the first registered 'electronic payment tool service provider' in Japan and has taken the lead in launching USDC trading services. In addition, SBI Group has previously invested $50 million as a strategic investor in Circle. SBI stated that it will leverage the group's financial infrastructure and Circle's expertise to jointly promote the development of Japan's digital financial ecosystem.

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