SBI VC Trade becomes the first company in Japan to receive approval as an Electronic Payment Instruments Business Operator, allowing USDC transactions.
SBI Holdings partnered with Circle Internet Financial in November 2023 to expand stablecoin adoption in Japan.
SBI VC Trade plans to begin its first USDC stablecoin transactions on March 12, targeting a limited group of users.
The partnership aims to improve digital payment efficiency and bring cost-effective solutions to businesses and individuals in Japan.