SBI Group has officially launched JPYSC, a trust-type yen stablecoin, in partnership with Startale Group and completed its first issuance. SBI said JPYSC is Japan’s first yen stablecoin whose reserve assets are managed by a trust bank, and the first of its kind to be classified as an electronic payment instrument under the Payment Services Act. JPYSC is not subject to the 1 million yen transaction and balance limits, and is currently available only through SBI VC Trade accounts.