SBI Launches Japan's First Trust-Based JPY Stablecoin, JPYSC, Expected Launch in Q2 2026

PANews

Release Time: 02/27/2026 05:16:40

Summary

SBI Holdings and Startale Group announced the token launch of JPYSC, Japan’s first trust-based yen stablecoin, targeting a Q2 2026 release. SBI Shinsei Trust Bank will issue the stablecoin, with SBI VC Trade serving as the distributor and Startale handling technical development. The project aims to facilitate institutional adoption and cross-border settlements, offering a regulated yen alternative in a dollar-dominated market. Startale CEO Akira Watanabe noted that JPYSC will also support payments for AI agents and on-chain asset distribution.

PANews, February 27: According to The Block, Japanese financial group SBI Holdings and Startale Group have launched the yen-denominated stablecoin JPYSC, with plans to issue it in the second quarter of this year following regulatory approval. The coin is issued by SBI Shinsei Trust Bank under a trust structure, with SBI VC Trade serving as the primary distributor and Startale responsible for technical development. The project targets institutional use cases and cross-border settlements, aiming to provide a regulated yen alternative in a market dominated by USD stablecoins, while enabling interoperability with traditional financial infrastructure and multiple blockchain networks. Startale CEO Sō Watanabe stated that JPYSC will also be used in the future for AI agent payments and on-chain asset distribution.

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