Search results for Startale
Crypto
SBI, Startale unveil yen stablecoin JPYSC, aim for official launch in Q2
SBI Holdings and Startale Group have unveiled JPYSC, a yen stablecoin aimed at institutional and cross-border payments, CoinDesk reported on Feb. 27. Startale said JPYSC complies with Japan’s domestic digital asset regulations and is the country’s first trust bank-linked stablecoin, with issuance managed by SBI Shinsei Trust Bank. SBIVC Trade will be a key distribution partner, while Startale leads development. The companies are targeting a Q2 launch, pending regulatory approval.
Crypto
Japan\'s yen moves onto blockchain as major financiers, regulators step up stablecoin push
Japan\'s regulators and related companies are working to overhaul the financial system to boost stablecoins and the Web3 economy, Cointelegraph reported. SBI Group\'s Web3 strategy centres on a yen stablecoin and a blockchain called Streamium for settlement of securities and real assets, while seeking government approval. SBI and Startale Group plan to launch JPYSC to bring carry trades on-chain. Existing yen stablecoin JPYC is small, and retail participation is weak due to crypto taxes.
Crypto
Sony adds investment in Startale on Sonium blockchain first anniversary
Sony will invest an additional $13 million in partner Startale to mark the first anniversary of the Sonium blockchain mainnet launch, Cointelegraph reported on Jan. 29. The investment will be made through the Sony Innovation Fund, Cointelegraph said. Sonium processed about 524 million transactions since its January 2025 mainnet launch, public block explorer data showed. Startale also launched a stablecoin, StartaleUSD (USDSC), on Sonium.