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XRP Ledger warns of fake JPYSC tokens after SBI's yen stablecoin launch

Market News
25 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

XRP Ledger validators have warned users about fake JPYSC tokens circulating after SBI Holdings launched its yen stablecoin, JPYSC, exclusively for SBI VC Trade account holders on June 24. SBI has not confirmed any issuance of JPYSC on the XRP Ledger or any public blockchain, and the token currently cannot be transferred outside SBI VC Trade accounts. While technical preparations for public blockchain circulation are complete, SBI awaits regulatory and tax approvals before allowing transfers. The XRP community continues to monitor for official activity and cautions users to verify sources to avoid scams.

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