SBI Group and Startale Group Jointly Launch Japan's First Trust Structure-Based Yen Stablecoin JPYSC

According to official sources, on June 24, 2026, SBI Group and Startale Group jointly launched JPYSC, Japan's first yen stablecoin based on a trust structure. Issued by SBI Shinsei Trust Bank, the stablecoin manages reserve assets through a trust bank, offering lower transfer costs and support for large 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 the Japanese financial system with the programmability of blockchain technology, aiming to build a yen settlement infrastructure connecting traditional finance and on-chain markets.

In its initial phase, JPYSC is limited to use within SBI VC Trade accounts. However, technical preparations for migration to public blockchains have been completed, and external circulation will be permitted once regulatory and tax policies are clarified. JPYSC's application scenarios cover six major areas: on-chain forex markets, institutional lending, RWA settlement, retail payments, cross-border remittances, and over-the-counter trading.