SBI and Startale to Launch Japan’s First Trust-Based Yen Stablecoin JPYSC
SBI Holdings and Startale Group will issue JPYSC under Japan’s new stablecoin framework, with issuance handled by a trust bank and distribution via SBI’s exchange.
SBI Holdings and Startale Group announced plans to issue JPYSC, described as Japan’s first trust-based stablecoin pegged to the yen, to be issued under Japan’s recently established regulatory framework for stablecoins [2][4][1].
According to the announcement, issuance will be managed by SBI Shinsei Trust Bank and the group’s crypto exchange, SBI VC Trade, will serve as the primary distribution partner; Startale Group is a co-issuer in the project [3][2].
Observers cited in reporting noted the framework and JPYSC’s launch as part of broader efforts to develop Japan’s digital finance infrastructure and to enable corporate and cross-border use cases for yen-denominated stablecoins [2][3].
The JPYSC project represents a step toward regulated, trust-backed yen stablecoins in Japan, with issuance and distribution handled by established financial entities within the country’s legal framework [1][3].
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Citations
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- 1SBI and Startale to Launch Japans First Trust Yen Stablecoin in Japan lawMoneyCheck• Feb 27, 2026
- 2SBI Holdings, Startale Group to issue first trust-based yen stablecoin JPYSC under Japan’s frameworkCrypto Briefing• Feb 27, 2026
- 4Japan Unveils First Trust Bank-Backed Yen Stablecoin JPYSC as Asia’s Crypto Rules Take ShapeCoinpedia Fintech News• Feb 27, 2026
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