25-3-2025 – Circle Internet Financial has made its grand entrance into the nation’s regulated cryptocurrency sphere through its subsidiary Circle Japan KK, heralding a new era for stablecoin adoption in Asia’s leading economy.
The groundbreaking initiative, spearheaded by a strategic alliance with financial powerhouse SBI Holdings, positions USDC as Japan’s pioneer fully licensed global dollar-backed stablecoin under the Financial Services Agency’s newly established regulatory framework. The momentous launch is slated for 26 March, marking a watershed moment in the country’s digital asset journey.
The venture has garnered robust support from Japan’s premier cryptocurrency exchanges, with industry stalwarts Binance Japan, Bitbank, and BitFlyer throwing their weight behind USDC distribution. This collaborative effort promises to bolster liquidity and facilitate widespread adoption across the Japanese market.
Jeremy Allaire, Circle’s Co-founder and Chief Executive, highlighted the company’s meticulous two-year journey working alongside Japanese authorities and financial institutions. This thorough preparation has culminated in Circle becoming the first non-resident entity to secure approval for stablecoin issuance under Japan’s stringent regulatory regime.
SBI Holdings’ President and CEO, Yoshitaka Kitao, expressed optimism about the partnership’s potential to revolutionise Japan’s financial landscape. The collaboration aims to enhance accessibility whilst nurturing innovation within the digital asset sphere, perfectly aligned with Japan’s vision for next-generation financial services.
USDC’s reputation for reliability stems from its fully reserved status, maintaining a precise 1:1 backing with highly liquid cash and cash-equivalent assets. These reserves undergo monthly third-party attestations, ensuring unprecedented transparency for stakeholders.
The Tokyo launch ceremonies signify more than mere cryptocurrency trading potential; they represent a broader vision encompassing payments, forex operations, and international commerce. Industry observers note that this development positions Japan as a pivotal hub in the expanding global stablecoin ecosystem.
