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USDC Becomes First Dollar-Pegged Stablecoin Approved in Japan

Decrypt LogoDecrypt16h ago

USDC Becomes First Dollar-Pegged Stablecoin Approved in Japan - Decrypt

Quick Summary:

USDC won approval to become the first dollar-pegged stablecoin issued in Japan by crypto exchange SBI, according to Circle CEO Jeremy Allaire.

But Coinbase got more hands-on with the stablecoin in 2023, when it acquired a minority stake in Circle and dissolved the Centre Consortium.

He also offered congratulations to crypto exchange SBI, which right now is the only firm approved to list and distribute USDC to Japanese investors.

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USDC Becomes First Dollar-Pegged Stablecoin Approved in Japan - Decrypt (Picture 1)

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Article Details

Author / Journalist: Stacy Elliott

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 20:06:08 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 26668526

View Article Analysis

About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 8 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 8 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

Frequently Asked Questions

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The story "USDC Becomes First Dollar-Pegged Stablecoin Approved in Japan" has 521 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "USDC Becomes First Dollar-Pegged Stablecoin Approved in Japan" was covered 16 hours ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 8 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26668526
  • URL: https://chronographically.beamstart.com/news/usdc-becomes-first-dollar-pegged-17411198125458

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