SBI Holdings and Startale Group have announced JPYSC, a Japanese yen-pegged stablecoin focused on enterprise and cross-border use cases. Continue Reading: Two SBI Holdings and Startale Group have announced JPYSC, a Japanese yen-pegged stablecoin focused on enterprise and cross-border use cases. Continue Reading: Two

Two Japanese Financial Giants Announce They Will Launch a New Stablecoin Pegged to the Japanese Yen! Here Are the Details

2026/02/27 17:05
2 min read

Japanese financial giant SBI Holdings and Startale Group have announced JPYSC, a Japanese yen-pegged stablecoin focused on corporate and cross-border use cases. According to the announcement, JPYSC will be Japan’s first trust bank-backed stablecoin.

The issuance of the stablecoin will be managed by SBI Shinsei Trust Bank in accordance with local digital asset regulations. The group’s cryptocurrency exchange, SBI VC Trade, will serve as the primary distribution partner, while the technical development process will be handled by Startale.

The companies stated that a trust bank-backed yen stablecoin could strengthen the role of the Japanese yen in digital finance and offer a regulated alternative in a market currently dominated by US dollar-based stablecoins.

Early interest from institutional investors and companies has revealed demand for yen-based stablecoins in payment systems, treasury management, and cross-border settlement transactions.

JPYSC is designed to support interoperability between traditional financial infrastructure and different blockchain networks, it was stated. Startale CEO Sota Watanabe said that the yen-pegged stablecoin will play a central role not only for daily payments but also in new use cases such as tokenized asset distributions and payments between AI agents.

Subject to regulatory approval, JPYSC is scheduled to launch in the second quarter of this year. Japan recognized fiat-backed stablecoins as “Electronic Payment Instruments” in 2022 through an amendment to its Payment Services Act.

*This is not investment advice.

Continue Reading: Two Japanese Financial Giants Announce They Will Launch a New Stablecoin Pegged to the Japanese Yen! Here Are the Details

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Pi Network Pi Day Preview: Major Product Updates and Real World Expansion Ahead

Pi Network Pi Day Preview: Major Product Updates and Real World Expansion Ahead

Pi Network Pi Day Preview: Major Product Updates and Real World Expansion Ahead As anticipation builds within the global Crypto community, Pi Network is on
Share
Hokanews2026/03/01 12:51
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
The DeFi Evolution on Pi Network: Building Utility and Global Integration

The DeFi Evolution on Pi Network: Building Utility and Global Integration

    The DeFi Evolution on Pi Network: Building Utility and Global Integration
    Decentralized finance, or DeFi, 
Share
Hokanews2026/03/01 13:37