Tokyo Financial Powerhouse Set to Introduce Yen-Backed Stablecoin to Rival Dollar-Linked Alternatives
Partnership Announcement: SBI Holdings is collaborating with Startale Group to launch a Yen-denominated stablecoin, expected to be released in the second quarter of 2026, leveraging SBI's financial expertise and Startale's Web3 technology background.
Regulatory Compliance and Management: The stablecoin will be fully regulated, with Shinsei Trust & Banking managing its creation and redemption, while SBI VC Trade will oversee its circulation, aiming to integrate digital financial services with traditional finance.
Complementary Currency Stack: The new stablecoin will work alongside Startale's existing Startale USD (USDSC) to support a planned 24/7 tokenized stock exchange, enhancing payment capabilities for AI agents and tokenized assets.
Market Context: The initiative aligns with Japan's growing yen stablecoin market, as the Financial Services Agency has recently approved several yen-backed stablecoin projects, indicating a shift towards digital currencies in the financial sector.
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