SBI Holdings to Launch Yen-Pegged Stablecoin JPYSC in Q2 2026

SBI Holdings plans to launch a yen-pegged stablecoin called JPYSC in Q2 2026, with Shinsei Trust serving as issuer and a targeted April–June rollout. The project, which still requires regulatory approval under Japan's Payment Services Act, aims to compete with dollar-denominated stablecoins and explore applications in AI payments and tokenization. Given SBI's 9% stake in Ripple, market observers are watching whether JPYSC may eventually be issued on XRP Ledger.