Circle will launch a stablecoin backed by the Japanese yen
As part of the Asian expansion, the USDC stablecoin issuer is about to open a venture capital unit focused on the Japanese currency and will launch a corresponding stablecoin. Circle CEO Jeremy Allaire told Bloomberg that the company is creating an investment arm of Circle Ventures. This will allow the VC division to focus on the Japanese yen-denominated stablecoin. Aller said the company sees significant opportunities in Asian markets, where he expects widespread adoption of…
