Circle's USDC has become the first stablecoin to receive full regulatory approval in Japan, marking a significant milestone in the country's cryptocurrency landscape. After more than two years of negotiations with regulators and banks, USDC is now legally cleared for use in Japan, with its launch set to take place on SBI VC. Circle's CEO, Jeremy Allaire, emphasized the importance of this development, stating that USDC is not only the first dollar stablecoin but also the first stablecoin overall approved in Japan. Following this approval, the supply of USDC has reached an all-time high, exceeding $60 billion, reflecting its growing acceptance and adoption in the market.