Woofun AI reports that SBI Group and Startale Group jointly launched JPYSC, Japan's first yen stablecoin based on a trust structure, on June 24, 2026. Issued by SBI Shinsei Trust Bank, the asset leverages a trust bank to manage reserve assets, enabling lower transfer costs and support for large-value transactions. As Japan's first stablecoin classified as a Type III electronic payment instrument, JPYSC integrates the regulatory transparency of the Japanese financial system with blockchain programmability to bridge traditional finance and on-chain markets.

Initially restricted to SBI VC Trade accounts, the project has completed technical preparations for migration to a public blockchain, with external circulation pending clarification of regulatory and tax policies. Application scenarios encompass six major areas: on-chain foreign exchange markets, institutional lending, RWA settlement, retail payments, cross-border remittances, and over-the-counter (OTC) trading.