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  "domain": "fintech",
  "title": "SBI × JPYC × Circle 環状持株 — 日本ステーブルコイン配信チャネル",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "SBI × JPYC × Circle 環状持株 — 日本ステーブルコイン配信チャネル",
    "aliases": [
      "sbi-jpyc-circle-ring",
      "SBI Circle Holdings",
      "jpy-usdc-channel",
      "日本ステーブルコイン環状チャネル"
    ],
    "domain": "fintech",
    "type": null,
    "created": "2026-05-18",
    "last_updated": "2026-08-14",
    "last_tended": "2026-08-14",
    "review_by": "2026-11-12",
    "confidence": "certain",
    "tags": [
      "fintech",
      "stablecoin",
      "sbi",
      "jpyc",
      "circle",
      "japan",
      "usdc",
      "channel"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://www.sbigroup.co.jp/news/",
      "https://jpyc.co.jp/",
      "https://www.circle.com/en/press",
      "https://www.sbivc.co.jp/"
    ]
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  "summary": "This entry sits under fintech index. Read it with 日本金融規制 — トークン・暗号資産・決済に関する法体系 for adjacent context and 日本 Stablecoin 法制度の三層構造（JPYC・USDC・Project Pax） for the broader system boundary.",
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    "Key facts",
    "Mechanism / How it works",
    "Origin & evolution",
    "Related",
    "Sources"
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