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Startale CEO: Will launch the world's first bank-backed Japanese yen stablecoin, JPYSC, within a few months
Mars Finance News: Japan Web3 infrastructure company Startale CEO Sota Watanabe stated that they will launch the world’s first bank-backed Japanese yen stablecoin, JPYSC, within a few months. The goal is to use the yen as the lowest-cost financing currency to invest in high-growth assets such as U.S. stocks on the blockchain. In March this year, Startale Labs announced the completion of a $63 million Series A funding round, led by Sony Innovation Fund, with participation from Asian industry and financial giants such as Samsung Next, UOB Venture Management, and SBI Holdings.