SBI Group has received approval from Japan's Financial Services Agency (FSA) to launch "JPYSC," the country's first trust-based yen-pegged stablecoin. The stablecoin is set to be issued by SBI新生Trust Bank and traded by SBIVC Trade, with development support from Singapore's Startale Group. SBI Group aims to integrate JPYSC into its financial services, enhancing user convenience across securities, digital assets, and banking sectors.