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SBI Holdings will collaborate with Startale Group to launch the Japanese Yen stablecoin JPYSC
Deep Tide TechFlow News, February 27 — According to The Block, Japan’s SBI Holdings and Startale Group jointly launched a Japanese yen stablecoin called JPYSC, with plans to officially launch in the second quarter of this year.
JPYSC is described as Japan’s first trust-based stablecoin, issued and managed by SBI Shinsei Trust Bank, compliant with local digital asset regulations. SBI VC Trade cryptocurrency exchange will serve as the primary distribution partner, while Startale will handle technical development.
Both parties stated that the trust-supported yen stablecoin is expected to expand the role of the yen in digital finance and provide a regulated alternative in a market currently dominated by US dollar stablecoins. JPYSC aims to achieve interoperability across traditional infrastructure and different blockchain networks, and will be used in scenarios such as payments, fund management, and cross-border settlements.