Odaily Planet Daily reports that Japanese financial group SBI Holdings and Startale Group announced the launch of the Japanese yen stablecoin JPYSC, targeting institutional and cross-border payment scenarios. The stablecoin is issued and trust-managed by SBI Shinsei Trust Bank, compliant with Japan’s digital asset regulatory framework. SBI’s trading platform SBI VC Trade will serve as the main distribution channel, with Startale responsible for technical development.
Both parties stated that the trust bank support model helps enhance governance and compliance, promotes the use of the yen in the digital financial system, and provides a compliant alternative to the currently dominant US dollar stablecoins. The project is expected to go live in the second quarter of this year after obtaining regulatory approval.
In recent years, Japan has continued to advance the development of its stablecoin system. The 2022 revision of the Payment Services Act defined fiat-backed stablecoins as “electronic payment tools”; in October last year, Japan approved JPYC to issue a yen stablecoin. The three major banks—MUFG, SMBC, and Mizuho—have also conducted pilot projects for stablecoins and tokenized deposits. (The Block)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tok-Edge Unveils Redemption Token Ahead of Fund Launch, Confirms $15M Valuation
Tok-Edge has launched the Redemption Token, a new cryptoasset linked to its upcoming fund, aiming to separate ownership from tradability. The fund targets $21 million, with plans for a first close of $100 million by 2026, primarily backed by notable investors.
CryptoNewsFlash30m ago
World will adjust the WLD token unlock mechanism, with the overall daily unlock amount reduced by 43%.
World project announces that it will adjust the WLD token unlocking mechanism starting July 24, 2026, reducing the total daily unlocked amount by 43%. The community token daily unlocked amount will be reduced to 1.6 million, while the team and investors will be reduced to 1.3 million. It will continue to be unlocked linearly every day. As of April 10, 4.9 billion tokens have been unlocked, accounting for 49% of the total supply.
GateNews1h ago
Dubai Clarifies Token Issuance Rules for Stablecoins, RWAs and Other Digital Assets
Dubai's VARA has categorized token launches into three groups, with varying licensing and distribution requirements. Stablecoins and asset-referenced tokens face stricter regulations, while other tokens may be issued with less oversight, clarifying compliance paths for virtual asset issuers.
CryptoNewsFlash1h ago
Pi Network Transfers 30M Coins as Migration Resumes
Pi Network has restarted its long-running migration process after a short pause. In the latest update, around 30 million Pi coins moved from an intermediary address to user-linked wallets. The transfer happened just hours after activity resumed, following a one-week break
The update suggests the n
Coinfomania4h ago
WLD unlock rate declines 43% starting July 24, from about 5.1 million per day to about 2.9 million.
As of April 10, 2026, World’s official announcement states that the total supply of WLD is 10 billion units, of which 49% has been unlocked. Since its launch in 2023, the unlocking mechanism has enabled the gradual release of tokens; starting in 2026, the unlocking rate will decrease, resulting in an overall drop of 43%.
GateNews10h ago
SBI Ripple Asia Rolls Out XRPL-Based Token Issuance
SBI Ripple Asia launched an XRP Ledger platform enabling regulated prepaid tokens under Japan’s legal framework.
APIs integrate blockchain with existing apps, allowing seamless token use without redesigning user interfaces.
Platform targets real-world payments, offering fast, low-cost
CryptoFrontNews11h ago
