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Circle has moved its cross-chain transfer protocol (CCTP) to mainnet on Noble, allowing USDC to be natively minted within Cosmos' inter-blockchain communication protocol (IBC).
SBI and Circle join forces to propel the use of digital currencies, focusing on USDC stability, marking a significant move in Japan.
Circle and Maple partnership are amplifying USDC adoption through a strategic move. Coincu News
SBI Holdings, Inc. announces that it has concluded a Memorandum of Understanding with Circle Internet Financial, a global financial technology firm and the issuer of USDC, the world's regulated stablecoin, “to circulate USDC stablecoins, establish a banking relationship and promote the use of Circle's Web3 Services in Japan.
SBI Holdings, known for its confidence in Ripple and XRP, has forged a partnership with Circle to bolster the presence of USDC in Japan.
Global financial firm Circle has announced a strategic partnership with the Japanese financial services SBI Holdings, Inc., to promote the adoption of Circle's USDC stablecoin and web3 services in Japan. Circle Joins SBI Holdings In A Memorandum Of Understanding According to the announcement, both parties have signed a Memorandum of Understanding (MOU) toward promoting UDSC‘s adoption in the country.
In a recent development, Circle has forged an alliance with SBI Holdings, a major force in Japan's financial landscape, aiming to strengthen its footprint within the country.
USDC (CRYPTO: USDC) stablecoin issuer Circle signed an agreement with Japanese securities and banking major, SBI Holdings. This will expand stablecoin usage in Japan and widen the use of Circle's Web3 services.
Circle, the company behind the popular USD Coin (USDC), has entered into a strategic partnership with Tokyo-based financial services firm SBI Holdings to facilitate the adoption of USDC and Web3 services in Japan.
Japan's regulatory revision paves the way for stablecoin issuance, fostering the transition to a Web3 economy. SBI Shinsei Bank will provide banking services to Circle as part of their collaboration.
This development comes in the wake of Japan's proactive regulatory stance on stablecoins. As outlined by the new guidelines set forth by the Japan Financial Services Agency (JFSA).
USDC issuer Circle has forged a new partnership to boost the stablecoin's circulation and the adoption of its Web3 services in Japan.
Earlier today, SBI Holdings, Inc. announced a strategic partnership with Circle Internet Financial. SBI Holdings is a significant financial services company based in Tokyo, Japan, and led by Yoshitaka Kitao. Established in 1999, it has grown into a large conglomerate with a diverse range of financial services, including banking, asset management, brokerage, and insurance.
Stablecoin issuer Circle signed a Memorandum of Understanding (MoU) with Japanese financial giant SBI Holdings to boost USD Coin (USDC) circulation, establish a banking relationship, and expand its presence in the Asian country, according to a Nov. 27 statement.
In addition to securing a new banking partner for its USDC stablecoin, Circle said that SBI will adopt its other business offerings, providing end-to-end development, deployment, and operations platforms for building and operating Web3 apps across blockchains.
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.
