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.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.