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Japan Launches $JPYSC, Its First Trust Bank Yen Stablecoin
SBI Group went live today with JPYSC.
Issuer: SBI Shinsei Trust Bank
Distributor: SBI VC Trade
Built With: Startale Group
Backing: 1:1 yen, up to 50 percent in government bonds
Transfer Cap: None, unlike JPYC's 1 million yen limit
Use Cases: Corporate settlements, forex, lending, tokenized assets
Access: SBI VC Trade accounts only for now
Accuracy Check: This is not Japan's first regulated yen stablecoin. JPYC holds that title since October 2025. JPYSC is the first trust bank backed one.