SBI Holdings, Startale Group to issue first trust-based yen stablecoin JPYSC under Japan’s framework
Startale Group, a Tokyo-based blockchain infrastructure firm behind Japan’s largest public network Astar, and SBI Holdings, one of the country’s leading financial conglomerates, have unveiled JPYSC, a trust bank-backed Japanese yen stablecoin designed for institutional and cross-border applications, according to a Friday announcement. The JPYSC stablecoin will be issued by SBI Shinsei Trust Bank under…