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HTX News

06/23 11:05

SBI Plans to Issue Yen-Pegged Stablecoin JPYSC This Week

On June 23, the SBI Group received approval from the Financial Services Agency of Japan and plans to issue the yen-pegged stablecoin JPYSC within this week, becoming the first trust-based stablecoin in Japan. The stablecoin will be issued by SBI Shinsei Trust Bank, with SBIVC Trade handling transactions, and it has been jointly developed with Singapore's fintech company Startale Group. The SBI Group aims to deeply integrate JPYSC with its financial services, including securities, crypto assets, and banking, to enhance user convenience.

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