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Japan’s SBI unit to launch yen-based stablecoin in 2026
Shinsei Trust and Banking, a subsidiary of Japan’s SBI Holdings, plans to launch a yen-based stablecoin between April and June 2026.
The stablecoin, which will be built in partnership with Singapore-based blockchain firm Startale Group, is expected to be Japan’s first bank-backed digital token tied to the yen.
SBI VC Trade, another SBI subsidiary, will support the coin’s circulation.
The new stablecoin targets both domestic and international settlements.
🔗 Source: The Japan Times
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