SBI VC Trade to Launch First Global Dollar Stablecoin USDC Transactions in Japan on March 12, 2025

SBI VC Trade, a cryptocurrency exchange under the SBI Group, announced that it will launch transactions for the stablecoin USDC on March 12, 2025. This marks the first approval for a global dollar stablecoin in Japan, following the completion of its registration for stablecoin transactions. The move is seen as a significant step towards wider adoption of stablecoins in Japan, a country known for its strict regulations on cryptocurrency.

Binance's CEO praised Japan's clear regulations and rapid adoption of crypto, highlighting that Japan had 11 million crypto accounts last year. The Financial Services Agency (FSA) of Japan enforces strict rules under the Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA), with new reforms aimed at enhancing security and flexibility for stablecoins.

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