SBI, Startale to Launch Yen Stablecoin JPYSC in Q2

• SBI Holdings and Startale plan to launch JPYSC in Q2, pending regulatory approval.
• The issuance will be handled by SBI Shinsei Trust Bank under Japan’s stablecoin law.
• The structure puts reserves inside a regulated trust bank, targeting institutional payments.

SBI Holdings and Startale Group have introduced JPYSC, a Japanese yen stablecoin backed by a trust bank structure.

While issuance will be managed by SBI Shinsei Trust Bank under Japan’s digital asset rules, distribution will run through SBI VC Trade, the group’s crypto exchange. Meanwhile, Startale will handle technical development.

The launch is scheduled for the second quarter of this year, subject to regulatory approval. The companies state that JPYSC is Japan’s first trust bank-backed stablecoin.

The structure places reserves and issuance under a regulated trust bank. The goal is to provide …

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