Japan’s SBI Holdings to launch yen-pegged stablecoin with Startale
SBI Holdings and Startale Group are partnering to launch a fully regulated, yen-denominated stablecoin expected in Q2 2026.Summary
Tokyo-listed financial conglomerate SBI Holdings is collaborating with blockchain firm Startale Group to introduce a Japanese yen-denominated stablecoin, leveraging SBI's financial standing and Startale's Web3 expertise. The unnamed stablecoin, slated for a second quarter 2026 launch, is intended to be fully regulated for global settlement and institutional adoption. SBI Shinsei Bank's subsidiary, Shinsei Trust & Banking, will manage issuance and redemption, while SBI VC Trade will handle circulation. This yen stablecoin, alongside Startale's existing USD stablecoin (USDSC), will form a complementary currency stack for their upcoming 24/7 tokenized stock exchange. SBI's Chairman, Yoshitaka Kitao, stated the goal is to accelerate the integration of digital financial services with traditional finance, while Startale's CEO, Sota Watanabe, highlighted its potential for AI agent payments and tokenized asset distributions. This initiative aligns with broader Japanese regulatory efforts supporting yen stablecoin development.
(Source：The Block)