Japan Approves Stablecoins: SBI VC Trade to Back USDC
As SBI VC Trade, a division of massive banking behemoth SBI Holdings, reports its approval to facilitate USDC transactions, Japan is making notable strides in the bitcoin industry. This evolution opens new digital financial prospects as Japanese authorities take a more permissive attitude on stablecoins.
SBI VC Trade made public on March 4 that it had finished the required registration process to handle USDC transactions. Once the exchange achieves complete regulatory compliance, it will become one of the first venues in Japan to enable USDC trading. Selected users will start a trial phase on March 12; plans for a more general release shortly after.
Legal changes open a path for stablecoin integration.
Japan has lately changed its stance on stablecoins, eliminating earlier limitations on digital assets imported from elsewhere. Regulators removed a long-standing restriction in 2023 allowing financial institutions to investigate stablecoin use in payments and settlements. More legislative changes in February strengthened this shift by giving companies like SBI VC Trade the required licenses to include stablecoins in their products.
Tomohiko Kondo, CEO of SBI VC Trade, verified the completion of the registration process and said the company formally registered as a business operator for trading electronic payment instruments. With this milestone, SBI VC Trade becomes the only licensed stablecoin trading company in Japan.
Circle CEO Jeremy Allaire also highlighted USDC’s designation as the first and only worldwide dollar-pegged stablecoin authorized for use in Japan, thereby acknowledging this legislative breakthrough. He praised SBI VC Trade for spearheading this project and gave hints about more circle-based national growth.
Stablecoins and the Evolution of Japanese Digital Finance
USDC trading in Japan’s permission fits the larger goal of the Financial Services Agency (FSA) toward encouraging digital financial innovation. Emphasizing the advantages of stablecoins in improving payment efficiency, FSA Commissioner Hideki Ito stressed in her speech at the Fin/Summary 2025 event their importance in advancing remittance and settlement procedures.
SBI VC Trade has been aggressively increasing its range of cryptocurrencies and has current alliances with big worldwide blockchain companies, including Ripple. Right now the platform supports XRP, Bitcoin, Ethereum, and other digital assets.
This most recent action marks a significant milestone for Japan’s crypto market, bolstering its reputation as a forward-thinking hub for digital asset acceptance. With USDC trading scheduled to start, the nation is ushering in a new era of financial innovation, therefore indicating a rising acceptance of stablecoins in mainstream banking.
