DEPLOYMENT · APAC
SBI Holdings launches $JPYSC, Japan's first trust bank-backed yen stablecoin
Japanese financial conglomerate SBI Holdings issued $JPYSC, the first yen-backed stablecoin issued by a Japanese trust bank. Marks institutional CBDC-adjacent infrastructure in Asia.
WHY IT MATTERS
First major trust-bank stablecoin in Japan opens payment rails for settlement without daily FX friction; likely to cascade to regional Asia adoption and raises CBDC displacement risk.
Source: Finextra · 2026-06-24