【SBI Plans to Issue Yen-Linked Stablecoin JPYSC This Week】Golden Finance reports that on June 23, SBI Group received approval from Japan's Financial Services Agency, planning to issue the yen-pegged stablecoin JPYSC within this week, becoming Japan's first trust-based stablecoin.


The stablecoin is issued by SBI Shinsei Trust Bank, with SBIVC Trade responsible for trading, and it is co-developed with Singapore fintech company Startale Group. SBI Group plans to deeply integrate JPYSC with its securities, crypto assets, and banking financial services to enhance user convenience.
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