SBI Holdings Launches JPY Stablecoin Targeting Q2 Release

SBI Holdings and Startale Group launched JPYSC, a yen-denominated stablecoin. Issuance is managed by SBI Shinsei Trust Bank, ensuring regulatory compliance. JPYSC aims to provide efficient stable asset transfers within the Ethereum ecosystem. The partnership leverages trusted financial institutions to support decentralized finance growth in Japan, integrating traditional banking with blockchain technology.