SBI Group and Startale Group jointly launched JPYSC, Japan’s first yen stablecoin based on a trust structure, on June 24, 2026. According to Odaily, the stablecoin is issued by SBI Shinsei Trust Bank, with reserve assets managed through a trust bank, and is designed to support lower transfer costs and large-value transactions.
JPYSC is described as Japan’s first stablecoin classified as a Type III electronic payment instrument. The announcement said the project combines regulatory transparency within Japan’s financial system with blockchain programmability, and is intended to build yen settlement infrastructure connecting traditional finance and on-chain markets.
In its initial phase, JPYSC will be limited to use within SBI VC Trade accounts. The project has completed technical preparations to migrate to a public blockchain and plans to allow external circulation after regulatory and tax policies are clarified.
The stated use cases for JPYSC include on-chain foreign exchange markets, institutional lending, real-world asset settlement, retail payments, cross-border remittances, and over-the-counter trading.
SBI Group and Startale Group Launch JPYSC, Japan’s First Trust-Based Yen Stablecoin
2026-06-24 08:04:11
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
