According to Golden Finance, Japanese cryptocurrency finance company SBI VC Trade announced today that it has completed its first registration for a stablecoin transaction in Japan, according to CoinDesk. After approval, it will begin processing USDC transactions on March 12. The company will be able to provide USDC trading and deposit services to individual and legal clients, and will need to preserve USD collateral of more than USDC deposited by the client. SBI Group's Xinsheng Trust Bank will assume the role of trust preservation.