SBI VC Trade Gains Approval to Distribute Stablecoins in Japan

A significant milestone has been achieved by SBI VC Trade, a subsidiary of SBI Holdings, as it secures the status of an Electronic Payments Provider in Japan. This pivotal approval has been granted under the new framework set out by the Japan Financial Services Agency (JFSA).

This regulatory nod paves the way for SBI VC Trade to engage in stablecoin transactions, making it the inaugural platform in Japan to offer and distribute USDC, a prominent stablecoin.