Coincheck completed registration as an Electronic Payment Instruments Transaction Service Provider on Aug. 27, 2026, becoming Japan’s second approved provider after SBI VC Trade, which received registration No. 00001 on March 4, 2025. Registered as Kanto Local Finance Bureau Director No. 00002, Coincheck is cleared to handle USDC, the U.S. dollar-pegged stablecoin issued by Circle, under Japan’s Payment Services Act. The company said it will gradually expand stablecoin and on-chain finance businesses based on its February 2024 partnership with Circle to broaden USDC use cases in Japan, noting that stablecoins’ fiat-linked stability can support around-the-clock, fast and low-cost transfers and payments. Coincheck has not disclosed a launch date, fees or supported trading pairs. The revised Payment Services Act has enabled banks, trust companies, funds transfer service providers and registered electronic payment instruments transaction service providers to facilitate regulated stablecoin circulation in Japan.