PANews reported on March 4 that according to CoinDesk, SBI VC Trade, a crypto exchange under the Japanese financial giant SBI Group, announced on March 4 that it had completed the first registration of "electronic payment methods and other trading practitioners" related to stablecoin transactions in Japan. After approval, the company will start processing the stablecoin "USDC" issued by the US Circle company on March 12. However, this function will currently be in the testing phase and the circulation scope is limited to the group. With this latest approval, SVI VC Trade now has three licenses: cryptocurrency exchange business, first-class financial instrument business, and electronic payment tool trading business.