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SBI Shinsei Trust Bank to Issue Yen-Pegged Stablecoin 'JPYSC' in June, a First in Japan for Trust-Based Model

2026/06/24 09:05
CoinPost
Written by CoinPost Editorial Department
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SBI Shinsei Trust Bank to Issue Yen-Pegged Stablecoin 'JPYSC' in June, a First in Japan for Trust-Based Model

First Domestic Issuance of a Trust-Based Stablecoin

On June 23, the Nikkei reported that the SBI Group is poised to issue a yen-linked stablecoin, 'JPYSC', within June. The issuance has received approval from the Financial Services Agency. The issuer, SBI Shinsei Trust Bank, will have its cryptocurrency exchange subsidiary, SBIVC Trade, handle the transactions. This marks the first domestic issuance of a stablecoin in a trust-based model, where a trust company manages the backing assets...

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Iolite Vol.21

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MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30
Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more