Officially Approved by FSA, USDC Stablecoin Launches in Japan!

Jakarta, Pintu News – Circle, a global financial technology company, has announced the launch of USDC (USD Coin) in Japan, making it the first US dollar-backed stablecoin approved to operate under Japan’s stablecoin regulatory framework.

The strategic cooperation with SBI Holdings and local entity Circle Japan KK enables the integration of USDC into the Japanese digital finance ecosystem.

USDC Approval and Launch in Japan

Through an X post on March 25, 2025, Circle announced that it has received official approval from Japan’s Financial Services Agency (FSA) to launch USDC in Japan. This marks USDC as the first global stablecoin to get the green light under the country’s new regulations.

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The launch is led by SBI VC Trade, a subsidiary of SBI Holdings, which will commence USDC integration on March 26.

Jeremy Allaire, CEO of Circle, expressed his honor in bringing USDC to the Japanese market, emphasizing on the strong support from SBI Holdings and other leading exchanges.

“We are honored to bring USDC to the business and consumer markets, and with Circle Japan KK and strong support from SBI Holdings and leading exchanges, USDC is positioned as a secure and transparent digital dollar that meets the needs of Japan’s growing digital economy.”

SBI Holdings, through its president and CEO, Yoshitaka Kitao, expressed optimism that this initiative is expected to improve financial accessibility and drive digital asset innovation, in line with their vision for the future of blockchain-based payments and finance in Japan.

Circle Japan KK’s structure enables direct cooperation with exchange operators to support regulatory compliance and operational conformity with Japanese financial standards.

USDC Integration on Major Japanese Exchanges

In addition to SBI VC Trade, other major exchanges in Japan such as Binance Japan, bitbank, and bitFlyer are also preparing to support USDC trading. This move is expected to increase liquidity and availability of stablecoins in the Japanese digital asset market.

These platforms will allow retail and institutional users to access USDC through regulated channels. This partnership is part of a broader strategy to support the use of compliant stablecoins in payments and settlements.

With the support of leading exchanges, USDC is expected to become the first choice for secure and transparent digital transactions in Japan, supporting various use cases from payments to cross-border financial operations.

USDC Expansion and Utility in the Digital Finance Sector

Circle plans to support various USDC use cases in Japan, including payments, settlement, cross-border finance, and treasury operations. These efforts aim to strengthen the local digital finance ecosystem through the development of new applications for digital dollars.

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USDC is positioned as a fully backed, transparent and compliant stablecoin, with reserves held in cash and cash equivalent assets in regulated institutions, with third-party attestation on a monthly basis.

In addition, Circle recently established a local entity in Dubai to meet regulatory standards and support its operations in the Dubai International Financial Center. This move confirms Circle’s commitment to expanding access to USDC and EURC (Euro Coin).

Overall, with the launch of USDC in Japan, Circle is not only expanding its reach but also setting a new standard in the use of stablecoins in the digital economy.

The cooperation with SBI Holdings and other major exchanges in Japan demonstrates the great potential of USDC in facilitating more secure and efficient transactions, while encouraging financial innovation in the digital era.

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Reference:

• BeInCrypto. USDC Stablecoin Japan Approval. Accessed on March 26, 2025
• Coingape. Circle Expands in Japan with USDC Rollout Across Major Exchanges Details. Accessed on March 26, 2025
• Cointelegraph. Circle to Launch Stablecoin USDC in Japan on March 26. Accessed on March 26, 2025
• Crypto News. Circle Partners with Japan’s SBI Holdings to Drive USDC Adoption. Accessed on March 26, 2025