Startale Group and SBI Holdings have announced plans to launch JPYSC, Japan's first trust bank-backed yen stablecoin, in the second quarter of 2026. The stablecoin will be issued under Japan's regulatory framework, with SBI Shinsei Trust Bank as the issuer. JPYSC is designed for institutional and cross-border use, aiming to enhance the role of the yen in digital finance, which is currently dominated by U.S. dollar-based stablecoins.
SBI VC Trade will serve as the primary distribution partner, while Startale Group will handle technical development. The initiative seeks to integrate traditional financial systems with blockchain networks, offering a regulated yen-denominated alternative for operational payments, treasury management, and cross-border transactions. The launch is subject to regulatory approvals, and the stablecoin is expected to support onchain payments and future tokenized asset distributions.
Startale and SBI Holdings to Launch Japan's First Trust Bank-Backed Yen Stablecoin
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
