SBI and Circle joint venture promotes the application of USDC in Japan, expanding Web3 and digital finance scenarios.

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[Coin World] On August 23 (UTC+8), Japan's SBI Holdings announced the establishment of a joint venture with Circle Internet Holdings ( NYSE: CRCL ) aimed at promoting the application of USDC in Japan and expanding Web3 and digital finance scenarios. The two parties signed a memorandum of cooperation as early as 2023 and officially reached an agreement to establish the joint venture in March 2025. SBI Group's subsidiary SBI VC Trade has become the first registered "electronic payment tool service provider" in Japan and has launched USDC trading services ahead of others. In addition, SBI Group previously invested $50 million as a strategic investor in Circle. SBI stated that it will leverage the group's financial infrastructure and Circle's expertise to jointly promote the development of Japan's digital finance ecosystem.

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AirdropHarvestervip
· 08-22 18:29
Can we Clip Coupons again?
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RugDocDetectivevip
· 08-22 18:20
Another BTC is on the table.
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DefiVeteranvip
· 08-22 18:15
Japan is a bit interesting.
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GasGrillMastervip
· 08-22 18:08
A big Whale is getting on board again.
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StableGeniusvip
· 08-22 18:07
predictably late to the stablecoin game... japan style
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