Startale and SBI Partner to Launch Regulated Digital Yen Stablecoin
Startale Group and SBI Holdings have inked a memorandum of understanding to develop a Japanese yen-backed stablecoin, slated for release by the second quarter of 2026. The collaboration leverages Startale's blockchain expertise and SBI's regulatory infrastructure to create a Type 3 Electronic Payment Instrument, enabling transactions beyond Japan's ¥1 million ceiling.
The initiative aligns with updated payment legislation, targeting both domestic settlements and cross-border use cases. The stablecoin framework is designed to support emerging financial applications including asset tokenization and AI-driven financial services, marking a strategic push into Japan's evolving digital economy.