TechFlow News, February 27: According to The Block, Japanese financial conglomerate SBI Holdings and Startale Group jointly launched a yen-pegged stablecoin named JPYSC, scheduled for official issuance in Q2 this year.
JPYSC is billed as Japan’s first trust-based stablecoin, issued and managed by SBI Shinsei Trust Bank, and compliant with local digital asset regulations. SBI VC Trade, a cryptocurrency exchange, will serve as the primary distribution partner, while Startale will handle technical development.
The two parties stated that a yen stablecoin backed by a trust bank could expand the yen’s role in digital finance and offer a regulated alternative in a market currently dominated by U.S. dollar–pegged stablecoins. JPYSC aims to achieve interoperability across traditional financial infrastructure and diverse blockchain networks, with applications spanning payments, fund management, and cross-border settlements.
