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SBI Holdings and Startale Group partner to launch regulated JPY stablecoin
Japan moves to challenge USD dominance as SBI and Startale align to issue a compliant, bank-backed JPY stablecoin for global trade.
SBI Holdings and Startale Group signed a Memorandum of Understanding today to co-develop a fully regulated Japanese yen-denominated stablecoin. The initiative aims to capture a share of the $300 billion global market by offering enterprise-grade cross-border settlements that bypass traditional banking delays. Scheduled for a Q2 2026 launch pending FSA approval, the token will operate as a 'Type 3 Electronic Payment Instrument,' enabling limitless transfers for institutional clients.