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SBI Launches Japan's First Trust Bank-Backed Stablecoin JPYSC

2026-06-24 10:30:53

SBI Group launched JPYSC as Japan's first trust bank-backed yen stablecoin with Startale Group. SBI processed the first issuance today. SBI said JPYSC is not subject to the 1 million yen transaction and balance limits for fund-transfer-type stablecoins. JPYSC availability will stay limited to SBI VC Trade accounts until regulatory and tax treatment is clarified.

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