Circle Expands Operations in Japan

Circle, a global financial technology firm and issuer of the USDC stablecoin, has announced the expansion of its operations in Japan. This development comes as USDC becomes the first dollar-backed stablecoin approved for circulation under Japan’s stablecoin regulatory framework.

Circle’s entry into the Japanese market is facilitated through its local entity, Circle Japan KK, and strategic partnerships, including a joint venture with SBI Holdings.