Per Woofun AI, SBI Group is preparing to launch JPYSC, a yen-linked stablecoin, as early as this week. The project has secured approval from the Japanese Financial Services Agency, establishing it as Japan’s first trust-based yen stablecoin.

SBI New Trust Bank will handle the issuance of JPYSC, while SBI VC Trade will oversee its trading and circulation. SBI intends to integrate JPYSC across its financial ecosystem, including securities, asset management, and banking, to improve user convenience.