Japan Launches First Trust Type Yen Stablecoin JPYSC on June 24 via SBI Shinsei Trust Bank

JPYSC launched June 24 as Japan's first trust type yen stablecoin, jointly developed by SBI Group and Startale Group. It is issued by SBI Shinsei Trust Bank and distributed by SBI VC Trade, targeting RWA settlement, cross border remittances and institutional lending. Public chain circulation is ready but still awaits regulatory clearance.