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SBI adds Japanese short-term government bonds to reserves for yen stablecoin JPYSC

SBI Group has started managing part of the collateral for yen-pegged stablecoin JPYSC in short-term Japanese government bonds. SBI Shinsei Trust Bank and SBI VC Trade said they began the operation on Sept. 7, covering 1 billion yen of trust assets. The move uses provisions of Japan’s revised Payment Services Act, effective June 2026, which allows up to 50 percent of trust-type stablecoin reserves to be held in short-term government bonds or time deposits.

Crypto

Japan FSA moves to allow large yen stablecoin transactions by simplifying trading procedures

Japan\'s Financial Services Agency is pursuing a制度 overhaul to simplify trading procedures for yen stablecoins and allow individuals to transact more than 1 million yen. The agency plans to include the proposal in a request for tax revisions. The focus is to reduce tax administrative procedures in the distribution of trust-type stablecoins, which currently require filing owner information each time holdings change. The issue has hindered high-value payments such as cars and real estate.

Crypto

Japan stablecoin issuer JPYC raises total 6 billion yen in Series B extension round

Japanese stablecoin issuer JPYC has raised total investment of 6 billion yen ($38 million) in a Series B extension round. The company plans to use the funds to expand its finance and Web3 ecosystem and increase adoption of its yen-pegged stablecoin, JPYC. Logistics company AZ-COM Maruwa invested 1 billion yen in the round. AZ-COM Maruwa plans to pay fees and wages in JPYC to about 2,300 partners and sole proprietors.