Japan’s SBI Holdings, a leader in asset management and blockchain technology, has formed a strategic collaboration with Circle, the company behind the USDC stablecoin. This partnership aims to promote the adoption of digital currencies, specifically the USDC stablecoin, in the Japanese market. SBI Trade is seeking approval to deal in USDC under electronic payment regulations, while SBI Shinsei Bank will provide banking infrastructure for USDC integration. USDC is a stablecoin backed by cash and cash-equivalent assets, redeemable 1 to 1 for US dollars. The collaboration comes as the Japanese government is regulating stablecoins, which is expected to boost their issuance and use in Japan.

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Information	Details
Geography	Asia
Countries	🇯🇵 🇺🇸
Sentiment	positive
Relevance Score	1
People	Yoshitaka Kitao, Jeremy Allaire
Companies	SBI Shinsei Bank, SBI Trade, Circle, USDC, SBI Holdings
Currencies	US Dollar, USDC
Securities	None