SBI's cryptocurrency exchange SBI VC Trade will launch the stablecoin "USDC" service

According to ChainCatcher news and reported by CoinDesk, Japan's financial giant SBI Group's cryptocurrency exchange SBI VC Trade announced on March 4 that it has completed the registration of the first "electronic payment method and other transaction practitioners" related to stablecoin trading in Japan. After obtaining approval, the company will start processing the stablecoin "USDC" issued by the American company Circle on March 12. However, this feature will currently be in a testing phase, with circulation limited to within the group. With this latest approval, SBI VC Trade now holds three licenses: cryptocurrency exchange business, Type 1 financial instruments business, and electronic payment tools trading business.