#日本SBI将发行日元稳定币拓展金融市场 Japan's SBI Holdings signed a contract with Web3 infrastructure provider Startale Group on December 15, 2025, planning to launch a fully compliant yen stablecoin in Q2 2026, pegged to the yen, aimed at institutions and global settlements, supporting tokenized assets and on-chain payments, without being constrained by Japan's domestic remittance limit of 1 million yen.
Core Information
- Issuance and circulation: Issued and redeemed by SBI Shinsei Bank's subsidiary Shinsei Trust Bank; circulation managed by licensed crypto asset exchange SBI VC Trade; Startale provides blockchain and smart contract technology.
- Compliance positioning: Classified as Type 3 electronic payment instruments according to Japan's Financial Services Agency regulations, meeting strict compliance and adapting to broader scenarios.
- Core uses: Global settlements, corporate payments, tokenized stocks, and RWA; reducing foreign exchange risk in the Asian currency market and diverting the dominance of US dollar stablecoins.
- Key differences: Complementing the Bank of Japan's digital yen pilot, focusing on institutions and cross-border transactions, not retail; no limit on domestic transfers of 1 million yen.
Market Impact
- Acceleration of the yen stablecoin sector: Previously, major projects like JPYC and Mizuho have been approved, and SBI's entry strengthens institutional and international positioning.
- Positive impact on yen on-chain liquidity: Enhancing the efficiency of yen usage in Web3 and cross-border scenarios, aiding Japan's transition to a 'token economy'.
- Institutional and cross-border opportunities: Providing global institutions with compliant yen stablecoin options, benefiting Japan and Asia's crypto assets, RWA, and on-chain financial ecosystem.
Note: Launch still requires final approval from Japan's Financial Services Agency and the implementation of compliance frameworks.
