ME News reports that on October 16 (UTC+8), blockchain infrastructure company Startale tweeted that SBI Holdings and Startale have joined the Open Standard. The two parties are advancing interoperability between JPYSC, a trust-based Japanese yen stablecoin issued by SBI’s newly established trust bank, and the shared USD stablecoin Open USD. They plan to conduct a proof-of-concept pilot with the Open Standard and its partner network to explore faster and more efficient USD-JPY settlement between OUSD and JPYSC. (Source: Foresight News)
SBI Holdings and Startale Join Open Standard to Advance JPYSC and Open USD Interoperability
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Summary
SBI Holdings and Startale have joined Open Standard to enhance interoperability between JPYSC and Open USD. The initiative aims to streamline network upgrades for faster USD-JPY settlement. The pilot will test blockchain-based use cases using a trust-based yen stablecoin and Open USD. JPYSC is issued by SBI Shinsei Trust Bank, and the collaboration includes a proof-of-concept with Open Standard’s partner network.
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