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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

PEPE, TRUMP also dropped as 2 Japanese exchanges stop trading 9 cryptocurrencies

Japanese cryptocurrency exchanges SBI VC Trade and Bitpoint will stop handling a total of nine cryptocurrencies. From October, they plan to phase out services starting with purchases and recurring buys, followed by selling and deposit and withdrawal services. SBI VC Trade will drop Aptos, Ethereum Classic and Oasis. Bitpoint will stop six tokens including BNB, PEPE and Official Trump. Any remaining assets will be sold and converted into yen for customers.

Crypto

21 global financial firms to issue stablecoin; former Ripple executive calls it a familiar scene

A former Ripple executive, Emi Yoshikawa (에미 요시카와), described plans by a 21-bank consortium led by Goldman Sachs and MUFG Bank to launch a dollar stablecoin as a familiar move by banks. She said on X after the announcement that it felt like deja vu. The project draws attention for favoring tighter in-house control over outside blockchain networks. MUFG is also pushing a yen stablecoin payment launch in Japan by March 2027.