🚨🚨 Urgent | Circle receives regulatory approval in Japan 🇯🇵 to become the first official issuer of a stablecoin in the country!
In a historic step, Circle has become the first stablecoin issuer to receive regulatory approval in Japan, paving the way for the official use of USDC within the country. This approval came after SBI VC Trade, a subsidiary of SBI Holdings, obtained a license from the Financial Services Agency (FSA) of Japan to list USDC under the country's new stablecoin framework.
📅 USDC is scheduled to launch in Japan on March 26, with plans to list on platforms such as Binance Japan, bitbank, bitFlyer, and others soon.
Why is this important?
🔹 Unprecedented regulatory event: Japan officially licenses the first global dollar-backed stablecoin.
🔹 Expanding crypto in Asia: paves the way for broader adoption of stablecoins in traditional financial markets.
🔹 Stimulating financial innovation: enhances the potential for efficient digital payments and financial settlements within Japan.
Circle's CEO, Jeremy Allaire, praised this move, stating that Japan is leading the adoption of Web3 and blockchain technologies, with a clear regulatory framework for stablecoins.
