SBI VC Trade, a subsidiary of the financial giant SBI Holdings, has received official approval from the Japanese Financial Services Agency (JFSA) as an electronic payment provider. This grants the company the right to be the first in Japan to list and distribute the stablecoin USDC, making it the first and only global dollar stablecoin officially authorized for use in the country. Support from Japanese regulators opens up new prospects for the use of cryptocurrencies in Japan, with all operations being strictly controlled under the new financial regulation.
3/5/2025 9:26:40 AM (GMT+1)
SBI VC Trade will be the first exchange in Japan to offer the stablecoin USDC, approved by the Japanese Financial Services Agency for use in the country
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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