USDC Beta now live on Japan’s SBI VC Trade platform - Coinfea

The second stablecoin according to market cap USDC has just been released on Japanese company SBI’s VC Trade platform. According to reports, the beta version of the stablecoin is now available to a select user base, with the company promoting access to digital US dollar and the digital economy.

According to a previous report, the Japanese giant announced on March 4 that it was rolling out the dollar-pegged stablecoin to its users. According to the latest news, the company has now released the beta version on its website.

USDC Beta goes live on the SBI VC Trade platform

In a translated statement from the CEO of the firm Tomohiko Kondo, the stablecoin was made available on the SBI VC platform at 3PM. The firm is providing users with access to digital USD at a time when the Japanese yen is struggling. The Japanese government has also been stifling unregulated use of digital assets, by making it mainstream.

Also the country has also made the custodial market for digital assets friendly to compliant parties, and smaller businesses who fall under registered exchange supervision. As noted in a previous report, the financial giant also enjoys a partnership with XRP and Ripple.

“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,” the company said in a translated announcement.

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). “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,” the company added.