A cryptocurrency subsidiary of the Japanese Financial Conglomerate SBI is preparing to roll support for the Circle’s USDC Stablecoin as local regulators soften the rules of stablecoin.
On March 4, SBI VC Trade announced Completion of first registration related to Stablecoin transactions, allowing the firm to start processing USDC (USDC) Transactions.
After receiving the entire registration, the SBI VC Trade expects to be one of Japan’s first financial platforms to offer a cryptocurrency trade in the USDC, the announcement mentioned.
The platform plans to launch a USDC trading test for selected users on March 12 and expect a full USDC rollout scale in the near future.
An excerpt from the SBI VC Trade support support announcement to X (Google Translated). Source: SBI VC Trade (Sbivc_official)
Japan opens up to overseas stablecoins
SBI VC Trade CEO Tomohiko Kondo was taken to X on March 4 to Confirm The news, stating that the platform received a notice from the Tokyo office of the Kanto Regional Financial Bureau on registering an operator of an electronic payment business operator.
“The SBI VC trade has become the first and only company in Japan to obtain a so-called Stablecoin license,” he wrote, adding that the firm would continue to work towards full USDC support.
SBI VC Trade CEO Tomohiko Kondo confirmed the USDC support news in X (Google translated). Source: Tomohic Kondo
SBI VC trade news marks a significant development of Stablecoin regulations in Japan after the country has been reported Raised the ban on foreign stablecoins in 2023.
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In February, Japan’s Financial Services Agency (FSA) was reported Approved A report from a working group that recommends policy changes the easing of Stablecoin-related regulations.
Japan regulator supports stablecoin removal
SBI’s latest Stablecoin moves came to the same day financial service commissioner Hideki It expressed support for Stablecoin transactions in Japan.
The officer took place on stage in the event of the Japanese Fintech Week called Fin/Sum 2025 with a major speech that responded to Stablecoins on March 4.
Hideki’s financial service commissioner Hideki this Japan FinTech Week. Source: Fin/Sum2025
“Stablecoins are well used for the sophistication of remittance and remittance. I hope to do this,” It said in speech, According to In a report by local news agency Nikkei.
Apart from Circle, SBI VC Trade and its parent company, SBI, are closely engaged with others Major companies in the United States, such as Ripple.
Cryptocurrencies are supported in the SBI VC trade. Source: SBI VC Trade
At the time of writing, the trade of SBI VC Supports A wide range of cryptocurrencies on its website, including Bitcoin (Btc), Ether (Btc), XRP (XRP) and more.
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