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ReorgSurvivor

Japan’s stablecoins are finally moving. SBI’s next step is solid—using a trust structure plus a group closed loop, compliant players are starting to move in.

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WuSaidBlockchainW
According to Nikkei News, SBI Group is expected to issue the yen-pegged stablecoin JPYSC as early as this week. The approval was previously obtained from Japan’s Financial Services Agency, making it the first trust-type yen stablecoin issuance case in Japan. JPYSC will be issued by SBI Shinsei Trust Bank as the issuer, and SBI VC Trade will handle trading and circulation. SBI plans to integrate it with other financial services within the group, such as securities, asset management, and banking, to improve user convenience in using it.
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