SBI Holdings is partnering with Startale Group to create a yen-denominated stablecoin, expected to launch in Q2 2026. The project aims to integrate digital financial services with traditional finance and will be fully regulated for global settlement and institutional use. Shinsei Trust & Banking will manage the stablecoin's issuance and redemption.

JPYC Inc. has introduced Japan's first legally recognized yen-backed stablecoin, JPYC, which maintains a 1:1 peg with the Japanese yen. The stablecoin is fully backed by yen deposits and government bonds, operating on multiple blockchains such as Avalanche, Ethereum, and Polygon. JPYC aims to achieve a circulation of 10 trillion yen ($65.4 billion) within three years.

Japanese startup JPYC has announced plans to issue the first stablecoin pegged to the yen, named "JPYC," after receiving official licensing. The stablecoin will be fully convertible to yen and backed by domestic savings and Japanese government bonds, with initial demand expected from institutional investors in Japan and future aspirations for international use.