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Japan Opens Doors to Foreign Stablecoins: USDC to Begin Trading on March 12

  • 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.

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