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Japan's first trust bank-backed yen stablecoin JPYSC set for institutional use, challenging dollar-pegged rivals.

Market News
25 Jun 2026
AMBCrypto
View Source
Neutral
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SBI Group is launching JPYSC, Japan's first trust bank-backed yen stablecoin, targeting institutional users for large-scale settlements and treasury operations. Approved by regulators and created via Shinsei Trust & Banking, JPYSC aims to bridge traditional finance and blockchain with strong compliance protections. Early transaction volumes are low, but interest from financial institutions suggests potential beyond domestic payments. Success depends on adoption, especially cross-border use, to compete with dominant dollar-pegged stablecoins like USDT and USDC.

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