Circle will officially launch USDC in Japan on Wednesday on SBI VC Trade, a crypto exchange under financial conglomerate SBI Group, as the stablecoin issuer seeks to expand in the country.

Circle announced on Tuesday that USDC will first be listed on March 26 through Circle Japan KK on the SBI VC Trade exchange. It also plans to launch USDC on other local exchanges, including Binance Japan, bitbank and bitFlyer.

The upcoming USDC listing comes after SBI VC Trade gained regulatory approval to process USDC transactions earlier this month.

Meanwhile, Circle disclosed that it has formed a joint venture with SBI Holdings after it signed an agreement with SBI in 2023 aimed at a "comprehensive business alliance."

"Circle becomes the first and only stablecoin to be approved for use in Japanese markets," Jeremy Allaire, co-founder and CEO of Circle, said in a post on X. "We have spent 2+ years engaging with Japan's regulators, major industry players, strategic partners, banking partners and others to enable USDC for the Japanese market, which unlocks tremendous opportunities not just in trading digital assets, but more broadly in payments, cross border finance and commerce, FX and more."

Japan revised its stablecoin-related regulations in June 2023 that required service providers to complete registration under the Funds Settlement Act and the Banking Act to operate the circulation of stablecoins, according to a previous SBI statement.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。