SBI Holdings Invests in Circle Internet Group
SBI Holdings Inc, a Japanese financial service company, has invested $50 million in Circle Internet Group, a stablecoin issuer. This investment is part of SBI’s efforts to expand the use of Circle’s dollar-pegged stablecoin, USDC.
The stablecoin, USDC, has already been launched on SBI’s VC Trade platform.
XRP Price Forecast
Analysts are predicting a price surge for XRP, a token used for cross-border payments and tokenization of real-world assets. The forecasted prices are as follows:
- $15 by the end of 2025
- $26.50 by 2030
The predicted price surge is driven by increasing adoption and strategic partnerships. SBI Holdings, along with other major institutions like Santander, has partnered with Ripple to promote the use of XRP.
Key Partnerships and Initiatives
- SBI Holdings has partnered with Ripple to promote the use of XRP.
- SBI Holdings is involved in central bank digital currency projects.
- The company’s VC Trade platform has launched USDC, a dollar-pegged stablecoin.