Japan’s first yen-stablecoin entirely backed by a trust bank, JPYSC, was revealed on February 26, 2026, by SBI Holdings and Startale Group. Under the Type III electronic payment instrument rules of the country, JPYSC is published by SBI Shinsei Trust and keeps a precise 1:1 peg to the Japanese yen, with reserves stored in separate accounts for maximum security and compliance. Subject to final Financial Services Agency (FSA) approval, the project is scheduled to begin in Q2 2026 — a major stride in controlled digital yen infrastructure.
The ecosystem of the stablecoin has a defined role division: SBI VC Trade serves as the main distributor, Startale Group offers the blockchain technology layer, making use of network interoperability with Astar, and SBI Shinsei Trust controls issuing and reserve management. Designed for institutional-level dependability, JPYSC seeks high-volume applications including cross-border payments, corporate treasury activities, tokenized asset settlements, and emerging AI/agent-driven transactions. Early success is already evident from banks, financial institutions, and major corporations looking for a compliant, yen-denominated alternative to prevalent USD-based stablecoins.
JPYSC seeks to boost the yen’s prominence in international digital finance by building on earlier yen stable initiatives like JPYC (approved in 2025) and integrating modifications to the Payment Services Act within Japan’s changing crypto environment. The project aims to hasten institutional use of blockchain-based payments while supporting Japan’s leadership in compliant crypto invention against growing global stablecoin adoption by providing a completely controlled, trust-backed alternative. 2.4s rapid
