SBI's wave of Japanese yen stablecoins has finally landed, with a trust-based issuance approved by Japan's Financial Services Agency. Traditional financial giants are entering the DeFi infrastructure space, and if they later connect with securities and asset management, users will have a completely different experience.

Crypto World News reports, according to Nikkei News, SBI Group is expected to issue a yen-pegged stablecoin JPYSC as early as this week, having previously received approval from the Financial Services Agency of Japan, 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 be responsible for trading and circulation. SBI plans to integrate it with financial services within the group, such as securities, asset management, and banking, to enhance user convenience.