Odaily Planet Daily reports that Japanese financial group SBI Holdings and Startale Group announced the launch of the Japanese yen stablecoin JPYSC, targeting institutional and cross-border payment scenarios. The stablecoin is issued and trust-managed by SBI Shinsei Trust Bank, compliant with Japan’s digital asset regulatory framework. SBI’s trading platform SBI VC Trade will serve as the main distribution channel, with Startale responsible for technical development.
Both parties stated that the trust bank support model helps enhance governance and compliance, promotes the use of the yen in the digital financial system, and provides a compliant alternative to the currently dominant US dollar stablecoins. The project is expected to go live in the second quarter of this year after obtaining regulatory approval.
In recent years, Japan has continued to advance the development of its stablecoin system. The 2022 revision of the Payment Services Act defined fiat-backed stablecoins as “electronic payment tools”; in October last year, Japan approved JPYC to issue a yen stablecoin. The three major banks—MUFG, SMBC, and Mizuho—have also conducted pilot projects for stablecoins and tokenized deposits. (The Block)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
80% of Strategy's ‘Stretch’ buyers are mom-and-pop investors
Retail investors are reportedly the largest cohort in Strategy’s high-yield, low-volatility “Stretch” shares, which have been used to buy more than $1 billion worth of Bitcoin this year.
Around 80% of the owners of Strategy’s “Stretch” perpetual preferred shares (STRC) are owned by retail, said St
Cointelegraph14m ago
Michael Saylor：Strategy优先股STRC约80%由散户持有
Strategy founder Michael Saylor revealed that approximately 80% of the company's issued perpetual preferred stock STRC is held by retail investors, with an annualized return of about 11.5%. The product aims to serve as a low-volatility income tool, with plans to raise $42 billion. As demand for STRC grows, Strategy's Bitcoin allocation capacity is expected to increase.
BlockBeatNews1h ago
GameStop pledges Bitcoin and sells call options, converting $368 million in reserves into a premium income strategy.
GameStop revealed in its fiscal year 2025 annual report that out of the 4,710 bitcoins it holds, 4,709 are pledged to support a covered call strategy aimed at earning option premiums. This strategy changes its accounting classification, treating the bitcoins as accounts receivable rather than direct holdings, increasing liquidity but reducing market control. If the bitcoin price exceeds the strike price, the company must deliver bitcoins, presenting high risk.
MarketWhisper3h ago
Michael Saylor: The next phase of the crypto industry will be "digital credit"
Michael Saylor has transformed Strategy into the world's largest corporate Bitcoin holder, owning 762,000 BTC. At the Digital Asset Summit, he introduced the preferred stock product STRC, which offers low volatility and high returns, with an 11.5% yield and approximately 2% volatility. The goal is to attract institutional capital into Bitcoin and address the issue of insufficient allocation to crypto assets.
BlockBeatNews3h ago
Michael Saylor: The next phase of the crypto industry will be "digital credit," with the launch of STRC preferred stock products.
Michael Saylor introduced the concept of "digital credit" at the New York Digital Asset Summit, emphasizing its importance in the crypto industry. He presented the STRC preferred stock product, with an 11.5% yield and 2% volatility, calling it a highly attractive credit instrument. Meanwhile, institutional funds are flowing into Bitcoin through regulated channels, indicating a rising interest in digital assets.
GateNews3h ago
The First USDCx Data on Cardano Is In, and It’s Strong
Cardano shows mixed signals; while institutional interest grows with significant tokenization and clear regulatory recognition, ADA's price remains weak. Yet, early data from the USDCx rollout reveals promising activity, indicating steady growth in liquidity and DeFi engagement, suggesting that fundamental improvements may eventually reflect in the price.
CaptainAltcoin11h ago
