SBI Invests $50 Million in Circle's IPO

On the 9th, SBI Holdings and SBI Shinsei Bank announced their acquisition of $50 million worth of shares in Circle Internet Group, which recently listed on the New York Stock Exchange (NYSE). Circle is one of the world's largest companies, issuing the US dollar-denominated stablecoin 'USDC' with a circulation of $61 billion (approximately 9 trillion yen). Circle issues the regulated stablecoin USDC, building a digital financial infrastructure that combines reliability and transparency. The US dollar-denominated stablecoin is expected to expand in use as a highly immediate means of international remittance, with SBI Group particularly...