48m ago
SBI Holdings and Startale plan Q2 launch of JPYSC, a trust bank-issued yen stablecoin
SBI Holdings and Startale Group have introduced JPYSC, a Japanese yen-pegged stablecoin whose issuance will be handled by SBI Shinsei Trust Bank and distribution supported by SBI VC Trade. The stablecoin, described as Japan's first trust bank-backed model, targets institutional, cross-border and onchain use cases, with a launch planned for the second quarter of this year pending regulatory approval.