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USDC Booms As Circle Gets Approval To Operate In Japan And UAE

  • USDC, the global dollar stablecoin, has received approval for use in Japan and Dubai.
  • Circle, the issuer of USDC, has partnered with SBI to offer USDC to Japanese investors.
  • USDC and EURC, another stablecoin, have been recognized by the Dubai Financial Services Authority.
  • The regulatory approval of USDC in Japan and Dubai boosts Circle's global stablecoin adoption and poses a challenge to Tether's USDT.

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