SBI VC Trade, a cryptocurrency exchange under SBI, will launch a stablecoin "USDC" service on March 12th

According to CoinDesk, SBI VC Trade, a cryptocurrency exchange under Japanese financial giant SBI Group, announced on March 4th that it has completed the registration of the first "electronic payment method and other trading practitioners" related to stablecoin trading in Japan. After obtaining approval, the company will begin processing the stablecoin "USDC" issued by Circle Corporation in the United States on March 12th. However, this feature will currently be in the testing phase and its circulation scope is limited to within the group. With the latest approval, SVI VC Trade now holds three licenses: cryptocurrency exchange business, first-class financial instrument business, and electronic payment instrument trading business.