SBI’s crypto arm to support USDC as Japan softens stablecoin rules

Following registration, SBI VC Trade expects to launch its first USDC stablecoin transactions for selected users on March 12.

A cryptocurrency subsidiary of the Japanese financial conglomerate SBI is preparing to roll out support for Circle’s USDC stablecoin as local regulators soften stablecoin rules.

On March 4, SBI VC Trade announced the completion of the first registration related to stablecoin transactions, enabling the firm to start processing USDC (USDC) transactions.

After receiving full registration, SBI VC Trade expects to be among the first financial platforms in Japan to offer cryptocurrency trading in USDC, the announcement noted.

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