- SBI VC Trade secures Japan’s first stablecoin handling license for USDC services.
- USDC trading on SBI VC Trade begins March 12, 2025, with a limited beta launch.
- Japan’s stablecoin rules ease as SBI VC Trade plans full-scale USDC rollout soon.
SBI VC Trade achieved a crucial position in the Japanese market by completing its registration process to become Japan’s first operator of “Electronic Payment Instruments Exchange Service Provider.” The Kanto Regional Financial Bureau issued registration to SBI VC Trade, enabling the company to handle stablecoins and represent Japan’s advancement in the cryptocurrency sector. The company aims to introduce USDC stablecoin support from Circle starting March 12, 2025, through a beta stage that includes SBI Group member users.
Japan’s Evolving Stablecoin Regulations
The recent alterations to Japan’s stablecoin regulatory framework have created the conditions for this development. Since June 2023, Japan has revised its regulations surrounding “Electronic Payment Instrument Exchange Service Providers” and “Electronic Payment Instruments Handling Businesses,” requiring companies dealing with stablecoins to register under the Payment Services Act or the Banking Act.
These adjustments have allowed businesses like SBI VC Trade to participate more actively in the growing stablecoin market. The Japanese Financial Services Agency (FSA) is a key support system for enabling stablecoin transaction operations.
During his presentation, FSA Commissioner Hideki promoted stablecoins at the Fin/Sum 2025 event to improve remittance and settlement services. Japan’s new regulatory direction demonstrates acceptance of digital assets from overseas and establishes the nation as an active Asian center for digital asset operations.
Related: Non-MiCA Stablecoins to Be Delisted by Binance: Report
SBI VC Trade’s Plans for USDC Trading
SBI VC Trade received approval to introduce USDC trading pairs for BTC/USDC and ETH/USDC while offering leveraged trading features to its cryptocurrency service platform. The company works to establish stable transactions by partnering with Shinsei Trust Bank to conduct US dollar deposits for USDC accounts. SBI VC Trade demonstrates its dedication to a stable and liquid stablecoin market structure through this strategic partnership.
The beta version of USDC services will launch on March 12, 2025, while expansion plans will start after the trial phase is completed. After SBI Holdings formed a memorandum of understanding with Circle in November 2023 they pursued this initiative. The approach SBI VC Trade applies matches current global financial industry trends regarding stablecoin platform integration because it represents a path to expand cryptocurrency applications in Japan.
