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Circle Internet Financial, the issuer of US dollar-pegged stablecoin USDC, has partnered with Japanese financial services multinational SBI Holdings to expand the adoption of USDC in Japan. The two firms announced on Monday that they had signed a Memorandum of Understanding (MOU) towards promoting USDC circulation and adoption of Circle's Web3 Services in Japan.
Circle has partnered with SBI Holdings to drive the adoption of the USDC stablecoin and Web3. SBI Shinsei Bank, a subsidiary of SBI Holdings, will facilitate access to USDC in Japan.
Circle, the entity issuing the USDC stablecoin, has announced a partnership with Japanese securities and banking giant SBI Holdings in a bid to boost USDC circulation in Japan. The agreement was made in a memorandum of understanding (MOU) and requires SBI Holdings to register as an electronic payment services provider in Japan.
Japan recently passed new regulations giving stablecoins legal recognition in payments and the MoU ensures Circle and SBI's compliance.
Circle and SBI Holdings join forces to introduce USD Coin (USDC) to Japan, capitalizing on the recent regulatory measures for stablecoins. The partnership aims to propel Japan toward a Web3 economy, with SBI Holdings seeking registration to enhance stablecoin adoption.
SBI Holding and Circle Partner to Bring USDC and Web3 Services to Japan Coincu News
SBI is seeking to register in Japan to help circulate USDC stablecoins with SBI Shinsei Bank set to offer banking services for Circle.
In a landmark move for the cryptocurrency market, Circle Internet Financial Ltd. and SBI Holdings Inc. have announced a partnership to introduce the USD Coin (USDC) into Japan's dynamic financial landscape. This initiative marks a significant step for stablecoins in Asia, offering a stable alternative amidst the often volatile crypto market.
SBI Holdings announced it reached a partnership with stablecoin issuer Circle to circulate USDC stablecoins, establish a banking relationship and promote the use of Circle's Web3 Services in Japan. This move from the Japanese financial conglomerate comes after the country's government revised regulations for stablecoins in June 2023.
The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.
November's financial landscape witnessed a remarkable upswing in Solana's ecosystem, particularly in the realm of USDC transactions. Data meticulously gathered from the Solana network indicates an unprecedented volume of $71 billion in USDC transfers.
A Solana (SOL) competitor is suddenly soaring amid news that stablecoin issuer Circle (USDC) is investing in the blockchain project. The Sei Network (SEI), the new layer-1 blockchain that claims to be a blockchain faster than Solana, reached a high of $0.
Circle, the force behind the widely adopted USDC stablecoin, has introduced a groundbreaking development with the launch of its new 'Bridged USDC Standard.'
Circle, a prominent issuer of stablecoins, has introduced a new standard to simplify the process of launching its stablecoin, USDC, on different networks.
Circle has introduced a new and simpler way for any ethereum-virtual machine (EVM) blockchain to deploy a bridged form of USDC on chain.
Circle, the company behind the widely used USDC stablecoin, announced the launch of a new ‘Bridged USDC Standard'. This initiative revealed in a recent blog post, aims to streamline the deployment of USDC across various blockchain networks, marking a notable advancement in the token's accessibility and functionality.
The firm behind the second-largest dollar-pegged crypto asset by market cap is launching a new token standard for their stablecoin. According to a new announcement, Circle is introducing the Bridged USDC Standard, a new standard and process for deploying a bridged form of USDC on Ethereum Virtual Machine (EVM) blockchains.
The standard is a tool developed by Circle to bootstrap USDC deployment across multiple blockchains with a view to keeping up with emerging L1 and L2 networks.
In the continued quest to facilitate the expansion of its USDC stablecoin to new blockchain networks, Circle has taken an innovative step by introducing the “Bridged USDC” standard. This initiative, revealed in a recent statement, seeks to simplify the process of launching USDC on different platforms through a two-phase methodology.
Circle published a new standard that allows developers to launch an unofficial bridged version of USDC that can later become native and official.
Circle has unveiled a groundbreaking initiative with the launch of the bridging USDC standard, a strategic solution aimed at expanding the utility of USDC and mitigating fragmentation within the crypto space.
Coinbase has recently upped the ante on interest rates for USD Coin (USDC), a stablecoin pegged to the US dollar. This move comes amid a period of fluctuating supply levels and regulatory scrutiny.
Exploring Coinbase's USDC interest rate surge and the dwindling USDC supply amid evolving cryptocurrency landscapes and investor choices.
Several Coinbase users have reported that the exchange offers up to a 6% interest rate on any USD Coin (USDC) held on the platform.
