SBI and Startale to Develop Regulated Yen-Denominated Stablecoin
- Startale Group and SBI Holdings signed a memorandum of understanding for a yen-denominated stablecoin aimed at global settlement.
- The project targets a share of the $300 billion stablecoin market, currently dominated by dollar-pegged tokens.
- Shinsei Trust & Banking will manage issuance and redemption, while SBI VC Trade will oversee circulation as a licensed exchange.
- The launch is scheduled for Q2 of 2026, pending regulatory approvals.
- SBI’s Chairman Yoshitaka Kitao emphasized the importance of tokenized assets in modern finance.
This initiative aligns with Japan’s new stablecoin regulations and aims to integrate digital financial services with traditional finance. The yen stablecoin will complement Startale’s existing stablecoin, USDSC, which anchors dollar liquidity.
The collaboration between Startale and SBI represents a significant step towards establishing regulated stablecoins in Japan’s financial ecosystem, targeting a substantial market opportunity.(Source)
