SBI Group Launches JPYSC, Japan’s First Trust Bank-Backed Yen Stablecoin
JPYSC has officially launched today, Japan’s first trust bank-backed yen stablecoin, issued by SBI Shinsei Trust Bank and distributed exclusively through SBI VC Trade. The token is pegged 1:1 to the yen, classified as an electronic payment instrument under Japan’s Payment Services Act, and carries no transaction cap, a structural detail that separates it from…