Japan is taking a big step forward in the cryptocurrency world as cryptocurrency exchange, SBI VC Trade, the crypto arm of financial giant SBI Group, prepares to support Circle’s USDC stablecoin. This move comes as Japan relaxes its regulations on stablecoins, signaling a more open approach to digital currencies.
On March 4, SBI VC Trade announced it had completed its registration as an electronic payment instrument trading business operator. This makes it the first company in Japan to secure a license for stablecoin-related trading. Circle has confirmed that SBI VC Trade will officially launch USDC transactions for selected users starting March 26, marking a pivotal moment for stablecoin adoption in Japan.
Tomohiko Kondo, CEO of SBI VC Trade, shared the news on X (formerly Twitter), confirming the company’s milestone achievement. “SBI VC Trade has become the first and only company in Japan to obtain a so-called stablecoin license,” he wrote. Kondo emphasized that the firm will continue its efforts to fully integrate USDC into its offerings.
This development follows Japan’s decision in 2023 to lift its ban on foreign stablecoins. In February 2025, the Financial Services Agency (FSA) approved recommendations to ease restrictions on these digital assets. FSA Commissioner Hideki Ito also expressed support for stablecoins during a speech at the Fin/Sum 2025 event, highlighting their potential to enhance financial innovation and settlement systems in Japan.
USDC, issued by Circle and pegged 1:1 to the US dollar, is one of the most widely used stablecoins globally. Its transparency and regulatory compliance make it an attractive option for institutions and retail users alike. SBI’s collaboration with Circle aims to expand USDC’s presence in Japan while promoting broader adoption of stablecoins in the region.
This move is expected to have a significant impact on Japan’s cryptocurrency market by increasing trading volume, enhancing liquidity, and attracting institutional investors. It also puts pressure on other exchanges in Japan to follow suit by seeking similar licenses and adopting stablecoins like USDC.
This initiative paves the way for greater adoption of digital assets across the country of Japan. Rapidz, as a digital finance solution provider, has years of experience in helping corporations adopt new technology to improve businesses and bridge global borders. This positive development gives us great optimism for the future of FinTech.
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