SMBC和Circle联手探索金融市场中的Stablecoin用例

该计划将着重于开发发行和循环这些数字资产的框架，并分析监管方面的考虑和潜在的现实应用程序。

Japan’s Sumitomo Mitsui Banking Corp. (SMBC) is joining forces with Circle, the issuer of the USD coin (USDC) stablecoin, to explore the potential of USDC in Japan’s financial markets.

日本的Sumitomo Mitsui Banking Corp.（SMBC）与USD Coin（USDC）Stablecoin的发行人Circle联手，以探索USDC在日本金融市场上的潜力。

The initiative will focus on developing a framework for issuing and circulating these digital assets, as well as analysing regulatory considerations and potential real-world applications.

该计划将着重于开发发行和循环这些数字资产的框架，并分析监管方面的考虑和潜在的现实应用程序。

Exploring stablecoin use cases in financial markets

在金融市场探索稳定的用例

A primary aspect of the collaboration involves examining how stablecoins could facilitate settlements for tokenized assets, including government bonds, corporate debt, and real estate.

合作的一个主要方面是研究稳定币如何促进令牌资产的和解，包括政府债券，公司债务和房地产。

While the companies have yet to provide a timeline for potential implementation, the effort aligns with noticeable industry interest in leveraging stablecoins for financial transactions.

尽管两家公司尚未提供潜在实施的时间表，但这种努力与在利用Stablecoins进行金融交易的行业兴趣保持一致。

Stablecoins, digital assets tied to fiat currencies such as the JPY or USD, have seen significant growth, with their market capitalisation rising nearly 50% over the past year to approximately USD 228 billion according to Coindeks.

与菲亚特货币（如JPY或USD）相关的数字资产的Stablecoins已有显着增长，其市值在过去一年中增长了近50％，达到约2280亿美元。

Beyond their role in cryptocurrency markets, they are increasingly used for payments and remittances due to their efficiency compared to traditional banking institutions. Various financial entities, including global asset managers and government institutions, are making moves to establish a presence in this sector.

除了在加密货币市场中的作用外，由于与传统的银行机构相比，它们越来越多地用于付款和汇款。包括全球资产经理和政府机构在内的各种金融实体正在采取行动，在该行业建立存在。

Japan has been advancing its regulatory framework for stablecoins, recognising them as electronic payment instruments under the revised Payment Services Act in 2023. SMBC has previously engaged in multiple digital asset initiatives. In 2022, it established a digital asset custody service, and a year earlier, it collaborated with asset tokenization firm Securitize to conduct tests on security token issuance.

日本一直在推进其针对Stablecoins的监管框架，并根据2023年修订的付款服务法所承认它们是电子支付工具。SMBC以前从事过多个数字资产计划。在2022年，它建立了数字资产监护服务，一年前，它与资产令牌化公司Securitize合作，以进行安全令牌发行测试。

In March 2025, Circle, a major stablecoin issuer, introduced its USDC token in Japan after obtaining the necessary regulatory approvals, partnering with a subsidiary of financial services provider SBI Holdings.

2025年3月，主要的Stablecoin发行人Circle在获得必要的监管机构批准后，在日本引入了USDC令牌，并与金融服务提供商SBI Holdings的子公司合作。

Circle and SBI Holdings first established their partnership in 2023, aiming to advance stablecoin distribution, banking integrations, and Web3 technology development within the Japanese market. This announcement represends a continuation of these efforts, with a focus on increasing USDC liquidity and strengthening Japan’s digital finance infrastructure.

Circle和SBI Holdings首先在2023年建立了合作伙伴关系，旨在推进日本市场内的Stablecoin分销，银行整合和Web3技术开发。该公告代表了这些努力的延续，重点是增加USDC流动性并加强日本的数字金融基础设施。