SBI and Startale Launch Yen-Based Stablecoin JPYSC to Boost Cross-Border Payments

New Yen-Backed Stablecoin JPYSC Launches

On February 27, Japanese financial giant SBI Holdings and tech firm Startale Group announced the launch of JPYSC, a yen-pegged stablecoin. This new digital asset is backed by SBI Next Generation Trust Bank and designed primarily for institutional investors and international cross-border transactions.

Driven by Technology and Compliance

According to an official statement from Startale, JPYSC is Japan's first stablecoin backed by a trust bank. Its issuance and management follow Japan’s digital asset regulations. SBI Next Generation Trust Bank oversees compliance and issuance, while SBI VC Trade, the group’s crypto exchange, serves as the primary distribution partner. Startale leads the technical development.

Focus on Cross-Chain Interoperability

JPYSC is designed with a strong emphasis on interoperability between traditional financial systems and various blockchain networks. The team noted that the stablecoin is expected to launch in the second quarter of this year, pending final regulatory approval.