Circle is set to officially launch USDC in Japan on Wednesday via SBI VC Trade, a crypto exchange owned by financial conglomerate SBI Group, as the stablecoin issuer aims to expand its presence in the country.
Circle announced on Tuesday that USDC will initially be listed on March 26 through Circle Japan KK on the SBI VC Trade exchange. Plans are also in place to launch USDC on other local exchanges, including Binance Japan, bitbank, and bitFlyer.
This upcoming USDC listing follows SBI VC Trade’s recent regulatory approval for processing USDC transactions. Additionally, Circle has established a joint venture with SBI Holdings, following a 2023 agreement for a “comprehensive business alliance.”
