Techub News reports that, according to The Block, Japanese financial group SBI Holdings has partnered with Startale Group to launch the Japanese yen stablecoin JPYSC. It is said that JPYSC is Japan's first trust bank-backed stablecoin, issued and managed by SBI Shinsei Trust Bank. SBI's trading platform SBI VC Trade will serve as the main distribution channel, while Startale Group is responsible for technical development. The stablecoin is expected to be launched in the second quarter of this year, pending regulatory approval.

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