According to CoinMeta, Coincheck completed the registration for electronic payment methods and other transaction services on August 27th, becoming the second company in Japan to obtain a license related to such stablecoins. Coincheck will expand the use cases of USDC in Japan based on its collaboration with Circle, and carry out stablecoin and blockchain finance-related businesses. Coincheck stated that stablecoins have price stability linked to fiat currencies, which can be used for 24/7 fast and low-cost transfers and payments.