SBI VC Trade in Japan secures regulatory approval to list Circle's USDC, making it the first foreign dollar-pegged stablecoin to be legally distributed in the country.
SBI VC Trade becomes the first exchange in Japan to register as an Electronic Payments Provider, allowing them to handle stablecoin transactions.
Selected users will be able to start USDC transactions on March 12, with plans for a broader rollout in the future.
The approval of USDC marks a significant shift in Japan's approach to digital assets and sets the stage for further innovation and cross-border transactions.