Today SBI VC Trade, a cryptocurrency exchange subsidiary of Japan’s SBI Holdings, said it has become the first Japanese firm to be licensed as an “Electronic Payment Instruments Exchange Service Provider”. The license is required to handle offshore stablecoins such as Circle’s USDC. SBI Holdings and Circle inked a collaboration deal in late 2023 to launch Circle’s USDC stablecoin in Japan.
SBI VC Trade was already licensed as a crypto exchange and for securities business.
It plans to start a beta version of USDC services in ten days.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
