Search results for yen stablecoin
Crypto
Japan ruling party proposes crypto ETFs, yen stablecoins to target Asian payment hub
Japan\'s ruling Liberal Democratic Party has moved to promote policies to legalise cryptocurrency exchange-traded funds and expand yen-denominated stablecoins. A party panel submitted a proposal to Finance Minister Satsuki Katayama on May 31. The plan aims to recognise crypto ETFs as regulated investment products and develop yen stablecoins as a payment gateway for Asia. The proposal cites the dominance of dollar-pegged stablecoins and points to domestic pilots and legislation steps under way.
Crypto
Japan corporate-led blockchain to issue yen stablecoin for B2B payments
The Japan Blockchain Foundation plans to issue EJPY, a yen-pegged stablecoin, on Japan Open Chain and Ethereum. The token is designed as a trust-based stablecoin for uses including business-to-business payments, digital asset payments, remittances and payments for Web3 services. The foundation will act as consignor and is in talks with trustee candidates. Detailed issuance conditions have not been set, but it is targeting a launch within the year.
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.
