SBI Holdings and Startale Group introduce JPYSC for cross-border, institutional transactions backed by the yen.
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SBI Holdings and Startale Group have officially announced the launch of a new stablecoin named JPYSC (Japanese Yen Stablecoin), which will be targeted at institutional cross-border and treasury payments. This step is planned for implementation in the second quarter of 2026.
JPYSC will be backed by the Japanese yen at a 1:1 ratio and will operate under Japan’s Type III regulation, making it a reliable tool for international transactions. This ensures trust and security for investors and users.
The 1:1 yen backing means each unit of JPYSC will be supported by a real Japanese yen, minimizing volatility. The Type III Japanese regulatory framework is especially significant for large institutional players, as it provides clear and strict guidelines for the use and management of stablecoins.
Unlike many other stablecoins, such as USDC or DAI, JPYSC is aimed at the specific needs of institutional users in Asia. This can make it more appealing to financial institutions dealing with the Japanese currency, while competitors are more often U.S. dollar-based.
The introduction of JPYSC may promote the expansion of stablecoins in the Asian region and strengthen SBI Holdings’ position on the international stage. It could also encourage other countries to develop their own stablecoins or central bank digital currencies (CBDC), potentially reshaping the landscape of financial operations in the coming years.
The launch of JPYSC represents a significant step forward in the development of stablecoins in the Asian market.
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