SBI VC Trade Becomes Japan’s First Licensed e-Money Operator for USDC Trading

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In a landmark development for Japan’s digital finance landscape, SBI VC Trade Co., Ltd.—a cryptocurrency trading firm under SBI Holdings—officially completed registration as an "electronic payment instruments trader" on March 4, 2025. This milestone positions the company as the first in Japan authorized to legally facilitate trading of the USDC stablecoin, marking a pivotal moment in the country's journey toward mainstream adoption of digital currencies.

This regulatory approval not only strengthens investor confidence but also signals Japan’s growing commitment to integrating blockchain-based financial tools into its traditional economic framework.

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Understanding Japan’s New Regulatory Framework for Stablecoins

Since June 1, 2023, Japan has enforced a new regulatory requirement: any entity wishing to issue or trade stablecoins must register as either an "electronic payment instruments trader" or an "electronic payment services provider" under amendments to the Funds Settlement Law and the Banking Act.

These laws were introduced to ensure that digital currencies pegged to fiat money—like the U.S. dollar—are properly regulated, transparently managed, and securely backed. The goal is to protect consumers, prevent money laundering, and maintain financial stability as digital assets become more integrated into everyday transactions.

SBI VC Trade’s successful registration under this framework (License No. 00001) sets a precedent. It demonstrates that compliant, institution-grade crypto platforms can operate within Japan’s strict financial oversight environment—paving the way for broader market participation.

Strategic Partnership with Circle to Launch USDC Trading

The achievement follows a strategic collaboration announced in November 2023 between SBI Holdings and Circle Internet Financial, the U.S.-based issuer of USDC (USD Coin)—one of the world’s most trusted and widely used regulated stablecoins.

With this partnership now operational, SBI VC Trade plans to roll out a beta version of USDC trading starting March 12, 2025, immediately after scheduled system maintenance. Initially available to a limited group of users, the beta phase will help refine platform performance and security before full public launch.

This move aligns with Japan’s vision of fostering innovation in fintech while maintaining rigorous compliance standards. By enabling direct access to USDC, SBI VC Trade provides Japanese investors and businesses with a reliable gateway to digital dollars—opening doors for cross-border payments, remittances, and decentralized finance (DeFi) applications.

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What Is USDC? A Transparent and Stable Digital Asset

USDC (USD Coin) is a fully reserved, regulated stablecoin pegged 1:1 to the U.S. dollar. Each unit of USDC is backed entirely by cash and cash-equivalent assets held in audited reserves at regulated financial institutions.

Key features of USDC include:

By offering USDC trading, SBI VC Trade enhances Japan’s digital infrastructure by providing secure, efficient access to a globally recognized digital currency. This supports everything from international business operations to personal remittances and digital wallet integration.

Triple-Licensed Platform: A Foundation for Innovation

With its latest registration, SBI VC Trade now holds three major financial licenses, reinforcing its position as a leading hybrid financial services provider in Japan:

This triple licensing structure enables the company to bridge traditional finance with blockchain innovation. It can now legally offer services that combine cryptocurrency trading, securities investment, and digital payment solutions—a rare capability in Japan’s tightly regulated market.

Such integration opens opportunities for developing advanced financial products, including tokenized assets, yield-bearing accounts, and programmable money solutions tailored for both retail and institutional clients.

The Future of Stablecoins in Japan’s Financial Ecosystem

SBI VC Trade’s pioneering role could catalyze wider adoption of stablecoins across Japan. As one of Asia’s largest economies embraces digital currency regulation, the implications extend beyond trading platforms.

Potential future developments include:

With increasing clarity in regulatory policy and strong support from established financial players like SBI, Japan is well-positioned to become a leader in responsible digital currency innovation.

👉 Explore the next generation of secure, regulated digital finance platforms.

Frequently Asked Questions (FAQ)

Q: What does it mean for SBI VC Trade to be Japan’s first electronic payment instruments trader?
A: It means SBI VC Trade is the first company legally authorized under Japan’s updated Funds Settlement Law to trade stablecoins like USDC. This license ensures compliance with strict reserve, audit, and consumer protection standards.

Q: Is USDC safe to use in Japan?
A: Yes. USDC is backed 1:1 by U.S. dollar reserves, undergoes monthly third-party audits, and is issued by Circle—a regulated financial entity. Its integration through a licensed Japanese platform adds an additional layer of local regulatory oversight.

Q: When will USDC trading be available to all users?
A: A beta version launched on March 12, 2025, for select users. Full public availability is expected shortly after successful testing and regulatory confirmation.

Q: How is USDC different from other cryptocurrencies like Bitcoin?
A: Unlike volatile cryptocurrencies, USDC is a stablecoin designed to maintain a consistent value (pegged to the U.S. dollar). It’s used primarily for payments, transfers, and storing value without exposure to price swings.

Q: Can I convert USDC back to Japanese yen?
A: Yes. Licensed platforms like SBI VC Trade will allow users to exchange USDC for JPY directly, subject to Know Your Customer (KYC) and anti-money laundering (AML) procedures.

Q: Will other stablecoins be introduced in Japan soon?
A: While USDC is the first through this licensing path, regulatory clarity may encourage other compliant stablecoin issuers to enter the Japanese market in the coming years.

Core Keywords:

This development marks more than just a corporate milestone—it represents a turning point in how Japan views digital money. As regulated stablecoins gain traction, they are set to play a central role in modernizing payments, enhancing financial inclusion, and connecting Japan’s economy to global digital markets.