Odaily Planet Daily reports that Japanese financial group SBI Holdings and Startale Group announced the launch of the Japanese yen stablecoin JPYSC, targeting institutional and cross-border payment scenarios. The stablecoin is issued and trust-managed by SBI Shinsei Trust Bank, compliant with Japan’s digital asset regulatory framework. SBI’s trading platform SBI VC Trade will serve as the main distribution channel, with Startale responsible for technical development.
Both parties stated that the trust bank support model helps enhance governance and compliance, promotes the use of the yen in the digital financial system, and provides a compliant alternative to the currently dominant US dollar stablecoins. The project is expected to go live in the second quarter of this year after obtaining regulatory approval.
In recent years, Japan has continued to advance the development of its stablecoin system. The 2022 revision of the Payment Services Act defined fiat-backed stablecoins as “electronic payment tools”; in October last year, Japan approved JPYC to issue a yen stablecoin. The three major banks—MUFG, SMBC, and Mizuho—have also conducted pilot projects for stablecoins and tokenized deposits. (The Block)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The MANTRA token split upgrade is scheduled to be executed on March 3rd at 12:20.
PANews March 2 News, MANTRA has updated on the X platform the specific time for tomorrow's MANTRA token split upgrade. The upgrade is targeted to be executed at block 13,000,000, expected to occur around 12:20 Beijing time on March 3.
Earlier yesterday, it was announced that the MANTRA token upgrade will take place on March 3, including a rebranding and a 1:4 token split.
GateNews24m ago
XRP Today News: Ripple unlocks $1.37 billion worth of tokens, market reaction remains calm
Ripple plans to unlock a total of 1 billion XRP in three phases. Despite the large release, market reaction has been muted, and XRP price has only risen slightly. The unlocking is part of its supply management plan, with Ripple still holding approximately 32% of the total supply. Although XRP performed poorly in February, recent ETF capital inflows indicate that institutional interest remains. Analysts predict that XRP could experience a significant rally, with a target price between $15 and $18, and believe that the current trend resembles the false breakout pattern seen before previous bull markets.
MarketWhisper1h ago
March 2026 to See $5.8B in Token Unlocks Across Crypto Market
The crypto market anticipates $5.8 billion in token unlocks in March 2026, led by Rain ($RAIN) unlocking $338.02 million. Other significant unlocks include Aster ($ASTER) and Sui ($SUI), among others.
BlockChainReporter1h ago
RootData: MGO will unlock tokens worth approximately $4.21 million in one week
ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Mango Network (MGO) will unlock approximately 193.12 million tokens, worth about $4.21 million, at 9:00 AM Beijing time on March 9.
GateNews2h ago
RootData: AVNT will unlock tokens worth approximately $5.08 million in one week.
ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Avantis (AVNT) will unlock approximately 29.25 million tokens on March 9th at 14:00 Beijing time, valued at about $5.08 million.
GateNews2h ago
Opinion Founder: hopes the community lowers expectations for the S1 airdrop and emphasizes that more value will be placed on S2 rewards.
ChainCatcher Message, Opinion founder Forrest stated in the official Discord that, based on the current market conditions, community members should lower their expectations for the S1 season token airdrop. Additionally, he emphasized that more importance will be placed on the S2 season rewards.
GateNews3h ago
