Japan’s financial group SBI Holdings and blockchain company Startale Group announced today (27th) that their jointly developed Japanese yen stablecoin has been officially named “JPYSC.” The stablecoin is primarily supported by a trust bank, targeting institutional and cross-border applications. It is scheduled for official launch in the second quarter of this year, pending regulatory approval.
According to a statement from Startale, JPYSC is Japan’s first yen stablecoin designed with a trust structure. Its issuance and asset custody will be handled by SBI Shinsei Trust Bank, fully compliant with Japan’s digital asset regulations. SBI Group’s cryptocurrency exchange SBI VC Trade will serve as the main circulation platform, while Startale will lead technology development and blockchain infrastructure integration.
The statement notes that, in a market currently dominated by dollar-pegged stablecoins, launching a regulated, trust-supported yen stablecoin will help enhance the yen’s role and visibility in the digital financial ecosystem, providing a compliant alternative for the market.
Both parties revealed that “JPYSC” has not yet gone live but has already attracted preliminary discussions with multiple institutions and companies, reflecting growing market demand for a yen stablecoin in payment, financial management, and cross-border settlement scenarios.
The statement added that a trust-supported model helps strengthen governance, oversight, and operational security, facilitating the deployment of stablecoin applications within a regulated environment.
It also mentioned that JPYSC aims to enable interoperability between traditional financial infrastructure and various blockchains. Startale Group CEO Sota Watanabe emphasized that this yen stablecoin is not just a means for everyday payments but will play a central role in a “fully on-chain world.”
He further pointed out that in the future, automated payments between AI agents and the revenue sharing of tokenized assets will require stable, compliant, and programmable digital currencies as foundational infrastructure. These scenarios are expected to become a reality soon.
On June 1, 2023, Japan officially implemented the revised Payment Services Act, defining stablecoins as a new “electronic settlement method,” lifting the ban on the circulation of foreign stablecoins within Japan. The law also stipulates that any business involved in the circulation and trading of stablecoins (digital currencies pegged to fiat currency) must obtain a government-issued license.
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
World Liberty Financial Launches Governance Vote to Enable Staking for WLFI Holders
World Liberty Financial has put up its proposal to enable staking for WLFI holders to a vote that runs for the next seven days.
The proposal has received 99.2% backing, with 903 million tokens supporting it, while 5.8 million voted against it.
World Liberty Financial recently introduced a pr
CryptoNewsFlash3m ago
Chainlink Powers Tokenized Gold on BNB Chain Through Venus Protocol
XAUm is now powered by Chainlink on Venus to make tokenized gold a collateral asset in BNB Chain lending markets.
XAUm is Venus Protocol’s first RWA collateral asset, backed by 1 troy ounce of LBMA-standard gold issued by Matrixdock.
Chainlink has enabled the pricing layer for tokenized gold
CryptoNewsFlash14m ago
Comtus Holdings Pushes For Standardization Of Won Stablecoin Transfers
Comtus Holdings proposed a standardized framework for won-backed stablecoins in South Korea to enhance adoption and regulatory compliance. This initiative aligns with the ongoing discussions of the Digital Asset Basic Act, aiming to bolster domestic currency demand while ensuring user protection and financial stability.
Blockzeit51m ago
Gate for AI upgrades CEX MCP module, AI Agent can directly invoke centralized trading capabilities
Gate announces the upgrade of its AI Agent infrastructure, adding the CEX MCP module, enabling AI to directly access the centralized trading capabilities of exchanges, achieving real-time market data retrieval and trading operations, including order placement, order cancellation, and asset management, forming a complete system from market analysis to trade execution.
GateNews1h ago
Byreal launches perpetual contract product Byreal Perps, supporting 11 assets including crude oil, gold, stocks, and more.
Byreal launched the perpetual contract product Byreal Perps on March 10th, integrated with Hyperliquid to provide liquidity, supporting 11 assets including RWA assets such as gold and US stocks. It features low threshold, high flexibility trading, supports up to 40x leverage, and enables 24/7 trading and seamless fund transfers.
GateNews1h ago
Cryptocurrency project Aethir spreads negative news, with the marketing director accused of having sought women for Epstein.
Gate News reports that on March 10, the crypto community announced that Aethir's marketing director Masha Prusso was accused of having sourced women for Epstein. Meanwhile, community insiders revealed that Aethir has recently undergone large-scale layoffs, with several co-founders and executives leaving one after another, suspected of soft Rug pulling. It is also reported that Masha Prusso's personal website has been taken down recently.
GateNews1h ago
