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SBI and Startale announce trust bank-backed yen stablecoin
#SBIHoldings and #StartaleGroup have introduced #JPYSC , a Japanese yen–denominated stablecoin backed by a trust bank, with a launch targeted for the second quarter pending regulatory approval.
Issuance will be managed by SBI Shinsei Trust Bank in line with local regulations, while SBI VC Trade will handle distribution and Startale will oversee technical development.
#SBIHoldings and #StartaleGroup have introduced #JPYSC , a Japanese yen–denominated stablecoin backed by a trust bank, with a launch targeted for the second quarter pending regulatory approval.
Issuance will be managed by SBI Shinsei Trust Bank in line with local regulations, while SBI VC Trade will handle distribution and Startale will oversee technical development.
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