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Crypto

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

Charles Hoskinson says he once held 108,000 bitcoin, touts Cardano DeFi

Charles Hoskinson said he once held 108,000 bitcoin after converting funds raised in Cardano’s early crowdsale, and argued that long-standing ties in the bitcoin community could help draw bitcoin liquidity into Cardano’s DeFi. He laid out conditions aimed at bitcoin holders, including self-custody and no forced moves to layer-2 solutions. Input Output Group’s Pogun plan includes a 2026 roadmap, while figures cited showed reduced proof-data size, faster verification and lower costs. Pogun’s CEO said borrowers signaled $500 million in demand and regulated institutions showed interest in supplying up to $1 billion.

Crypto

XRP turns weak after 50 percent surge as banks expand their own payment networks

XRP is losing momentum after a sharp rise, as large banks expand blockchain-based systems that reduce the need to pre-fund cross-border payments without using separate cryptocurrencies. XRP rose 49.4 percent over the past week but fell 2.2 percent over 24 hours. JPMorgan is broadening its Kinexys platform, while Citigroup is linking dollar clearing with token services. Swift is also connecting bank-issued digital deposits, adding competitive pressure.