Svmuu News: According to official reports, SBI Group and Startale Group jointly launched JPYSC, Japan’s first yen-pegged stablecoin based on a trust structure, on June 24, 2026. Issued by SBI Shinsei Trust Bank, this stablecoin manages its reserve assets through a trust bank, offering lower transaction costs and the ability to support large-value transactions.
As Japan’s first stablecoin classified as a Type III electronic payment instrument, JPYSC’s core advantage lies in combining the regulatory transparency of Japan’s financial system with the programmability of blockchain technology, aiming to build a yen settlement infrastructure that connects traditional finance with on-chain markets.
Initially, the project is limited to use within SBI VC Trade accounts, but technical preparations for migration to a public blockchain have been completed. External circulation will be opened once regulatory and tax policies are clarified. JPYSC’s use cases span six major areas: on-chain foreign exchange markets, institutional lending, RWA settlement, retail payments, cross-border remittances, and over-the-counter (OTC) trading.