SBI VC Trade has completed its first registration for stablecoin trading in Japan and will provide USDC trading services

BlockBeats News: On March 4th, according to CoinDesk, Japanese cryptocurrency finance company SBI VC Trade announced today that it has completed its first registration for stablecoin trading in Japan. After obtaining approval, it will begin processing USDC transactions on March 12th. The company will be able to provide trading and deposit/withdrawal services for USDC to individual and corporate clients, and will need to preserve USD collateral equivalent to or greater than the amount of USDC deposited by clients. SBI Group's New Trust Bank will assume the role of trust preservation.