SBI VC Trade to Launch USDC Trading as Japan Eases Stablecoin Rules

SBI VC Trade, the crypto arm of Japan's SBI Group, is preparing to support the USDC stablecoin following relaxed regulations on stablecoins in Japan.

On March 4, the platform secured its first registration to process USDC transactions, positioning itself as one of the first in Japan to offer such services.

A trial for USDC trading will begin on March 12, with plans for full support shortly after. CEO Tomohiko Kondo confirmed the news on X (formerly Twitter), stating that the company had received official recognition from the Kanto Regional Financial Bureau as a licensed electronic payment operator.

This move aligns with Japan’s growing acceptance of stablecoins, as the Financial Services Agency (FSA) has been easing its regulatory stance.

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In 2023, Japan lifted its ban on foreign stablecoins, and earlier this year, the FSA backed policies aimed at simplifying stablecoin regulations.

Alongside Circle, SBI VC Trade has partnered with Ripple and supports a range of cryptocurrencies, including Bitcoin, Ethereum, and XRP.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.