SBI Holdings and SBI Shinsei Bank jointly invested $50 million in Circle Internet Financial after its IPO, aiming to drive USDC adoption in Japan.
Circle SBI Japan KK was established to integrate stablecoin-powered solutions into Japan's financial system, following a strategic partnership between SBI Holdings and Circle.
SBI's investment in Circle highlights its commitment to embracing digital assets and blockchain technology, aligning with its vision to revolutionize mainstream finance.
The collaboration between SBI and Circle underscores a proactive approach towards fostering stablecoin innovation in Asia and leveraging global blockchain alliances for long-term growth.