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Japan Launches First Trust Bank-Backed Yen Stablecoin JPYSC

Japan Launches First Trust Bank-Backed Yen Stablecoin JPYSC

Author:

Global Cryptocurrency

Published:

2026-02-27 09:05:02

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BTCCSquare news:

Japan has entered the global stablecoin race with a landmark development. SBI Holdings and Startale Group unveiled JPYSC, the nation's first yen stablecoin issued by a trust bank (SBI Shinsei Trust Bank). This distinguishes it from October 2023's JPYC stablecoin, which operates as a prepaid payment instrument.

The trust bank structure provides direct yen reserves, robust governance, and full compliance under Japan's Payment Services Act. SBI VC Trade will handle distribution, while Web3 firm Startale Group leads technical development for the Q2 2026 target launch.

"Our yen-denominated stablecoin isn't just for payments—it will anchor an onchain ecosystem," stated Startale CEO Sota Watanabe. The project emphasizes interoperability across blockchains and traditional finance, positioning JPYSC as a bridge between legacy systems and emerging tokenized assets.

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