CryptoBullishThe Block · Feb 277/107
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SBI Holdings unveils trust bank-backed JPY stablecoin with Q2 launch target
SBI Holdings and Startale Group announced the launch of JPYSC, a Japanese yen-backed stablecoin, with issuance to be managed by SBI Shinsei Trust Bank. The stablecoin is targeting a Q2 launch, representing a significant move by one of Japan's major financial institutions into the digital asset space.