Startale and SBI to Launch Japan’s First Trust-Backed Yen Stablecoin JPYSC
Startale Group and SBI Holdings announced on March 1, 2026 that they will roll out JPYSC, a Japanese yen–pegged stablecoin held in trust at a bank and structured to comply with Japan’s regulatory framework. The partners are aiming for a second-quarter 2026 launch window, positioning JPYSC as an on‑chain representation of yen liquidity with formal custodial backing.
If approved and adopted, JPYSC could deepen on‑shore fiat rails for crypto firms and payment providers, offering a compliant vehicle for settlements, trading and programmable payments in yen. The trust-backed design and explicit regulatory alignment are meant to reduce counterparty risk and reassure institutional players, though broader uptake will depend on final regulatory sign-offs and integration by exchanges and wallets.