Big news in Japan! SBI VC Trade, a Japanese cryptocurrency company, just got a special license to use stablecoins. Stablecoins are like digital dollars – their value stays the same. This is a first for Japan!
- SBI VC Trade will let people use USDC, a type of stablecoin.
- They plan to start a test run in 10 days.
- This could make sending money between countries easier and cheaper.
- Other Japanese companies are also looking into using stablecoins for international payments.
| Fact | Number/Detail |
|---|---|
| Yen's ranking in cross-border payments (excluding Europe) | 3rd (5.42%) |
| Market cap of GYen stablecoin | $10 million |
| Market cap of ZUSD stablecoin | $18 million |
