CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2025-03-13 02:47:49

Beta version of USDC now live on Japan’s SBI VC Trade platform

USDC, the second-largest stablecoin by market cap, is now available to a limited user base on Japanese financial giant SBI’s VC Trade platform in a beta release. SBI says it will provide users with “access to digital US dollars” and promote “development of the digital economy.” As reported by Cryptopolitan on March 4, Japan’s online financial giant SBI is rolling out support for the popular dollar-pegged stablecoin USDC. As of Wednesday, March 12 (JST) USDC is now live on the company’s SBI VC Trade platform in a limited, beta release. The platform’s CEO Tomohiko Kondo stated on X (translated): “The beta version of USDC was released on SBIVC from 3pm today.” Access to digital USD at a time when the Japanese yen is struggling to keep up with other fiat currencies globally could be an incentive for customers. The Japanese government has been stifling unregulated use of cryptocurrencies in recent years, aiming to make the mainstream, custodial market for digital assets friendly to compliant parties, and smaller businesses who fall under registered exchange supervision . As noted by our previous report , The financial giant also enjoys a partnership with XRP and Ripple. In their announcement about USDC going live, the company emphasized (translated): “Through the handling of USDC, we will provide customers with access to digital US dollars and promote efficient and cost-effective electronic payment methods in line with the development of the digital economy.” USDC is the second largest stablecoin by market cap, and the first to be approved from a regulatory standpoint for issue in Japan, via SBI’s license with the Asian state’s financial regulator, the Financial Services Agency (FSA). The company’s announcement concludes: “We will continue to strive to start handling USDC on a full scale as soon as possible, so we appreciate your continued patronage of SBI VC Trade.” Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.