Japan’s financial group SBI Holdings and blockchain company Startale Group announced today (27th) that their jointly developed Japanese yen stablecoin has been officially named “JPYSC.” The stablecoin is primarily supported by a trust bank, targeting institutional and cross-border use cases. It is scheduled for official launch in the second quarter of this year, pending regulatory approval.
According to a statement from Startale, JPYSC is Japan’s first yen stablecoin designed with a trust structure. Its issuance and asset custody will be handled by SBI Shinsei Trust Bank, fully compliant with Japan’s digital asset regulations. SBI Group’s cryptocurrency exchange SBI VC Trade will serve as the main circulation platform, while Startale will lead technology development and blockchain infrastructure integration.
The statement noted that, in a market currently dominated by dollar-pegged stablecoins, launching a regulated, trust-supported yen stablecoin will help enhance the yen’s role and visibility within the digital financial ecosystem, providing a compliant alternative for the market.
Both parties revealed that “JPYSC” has not yet gone live but has already attracted preliminary discussions with multiple institutions and companies, reflecting growing market demand for yen stablecoins in payments, financial management, and cross-border settlement scenarios.
The statement added that a trust-supported model can strengthen governance, oversight, and operational security, facilitating the deployment of stablecoin use cases within a regulated environment. It also mentioned that JPYSC aims to enable interoperability between traditional financial infrastructure and various blockchains.
Startale Group CEO Sota Watanabe emphasized that this yen stablecoin is not just a means for everyday payments but will play a central role in a “fully on-chain world.” He further pointed out that future automated payments between AI agents and the tokenization of asset income distribution will require stable, compliant, and programmable digital currencies as foundational infrastructure—scenarios that are expected to become reality soon.
On June 1, 2023, Japan officially implemented the revised Payment Services Act, defining stablecoins as a new “electronic settlement method,” lifting the ban on circulating foreign stablecoins within Japan. The law also stipulates that any business involved in the circulation and trading of stablecoins (digital currency-pegged electronic payment methods) must obtain a government-issued license.
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
Synthetix Releases 2026 Roadmap, All Trading Revenue Used for SNX Buybacks and sUSD
Synthetix released its 2026 roadmap plan on March 13, aiming to establish itself as a perpetual futures trading platform on the Ethereum mainnet. This includes buybacks of SNX and sUSD, the launch of multi-collateral capabilities and commodities markets, and a gradual transition of sUSD into a decentralized stablecoin. Additionally, Synthetix will host trading competitions and improve order functionalities.
GateNews2m ago
Sky governance proposal vote passed, daily buyback amount reduced from 300,000 USDS to 37,600 USDS
Sky protocol governance voting has passed, deciding to reduce the protocol income allocation used for SKY buybacks from 300,000 USDS daily to 37,600 USDS, and made multiple updates to Atlas Edit content, including removing specific risk exposures, adding to blocklist, and correcting related descriptions.
GateNews22m ago
Vitalik Buterin outlines 3 factors shaping Ethereum's future
Vitalik Buterin, co-founder of Ethereum and one of the most influential figures in the crypto industry, has just posted an article on social media platform X explaining why ETH remains a necessary component in many technology systems.
According to Buterin, the community should change their perspective: instead of trying
TapChiBitcoin40m ago
Ghana’s Central Bank Tests Stellar-Based Akuna Wallet for Creator Economy Payments
Akuna Wallet entered the Bank of Ghana’s VASP sandbox to test Stellar-based cross-border payment tools for creators and freelancers.
The platform targets payment costs in Sub-Saharan Africa, where cross-border transfers average 8.8%, above the UN’s 3% goal.
Akuna Wallet has joined the Bank o
CryptoNewsFlash57m ago
BlackRock "Ethereum Staking ETF" Makes a Splash! First Day Trading Volume Exceeds $15.5 Million
BlackRock's "iShares Staked Ethereum Trust ETF (ETHB)" had a trading volume of over $15.5 million on its first day of listing, showcasing strong performance and highlighting the potential for institutional capital to flow into Ethereum. ETHB will directly hold Ether and participate in staking; in addition to benefiting from price fluctuations, investors can earn staking rewards, with 82% of the yields distributed to holders on a monthly basis.
区块客1h ago
HSBC and Standard Chartered Lead the Way! Hong Kong's First Batch of Stablecoin Licenses to Be Issued as Early as March 24, Monetary Authority Prioritizes Institutions with Note-Issuing Authority
The Hong Kong Monetary Authority is expected to issue the first batch of stablecoin licenses by the end of this month, with HSBC and Standard Chartered being the most likely institutions to receive approval. The licenses may be issued on March 24. The number of licenses issued will be limited and will prioritize institutions that already have authorization to issue banknotes. This move signifies an important step for Hong Kong in its journey toward becoming a global digital asset center.
動區BlockTempo1h ago
