Japanese financial group SBI Holdings and Startale Group have signed a memorandum of understanding to launch a regulated Japanese yen stablecoin for global settlement and institutional applications. Shinsei Trust & Banking will be responsible for issuance and redemption, SBI VC Trade (a licensed crypto exchage) will manage circulation, and Startale will handle blockchain technology, smart contracts, and security development. The project will proceed under the new stablecoin regulatory framework and sandbox mechanism of the Japanese Financial Services Agency (FSA), with a target launch in the second quarter of 2026.
Japanese financial group SBI Holdings and Startale Group have signed a memorandum of understanding to launch a regulated yen stablecoin.
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