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SBI Holdings and Startale Join Open Standard for Stablecoin Interoperability Pilot

BullishMedium impact
8473¥3,054.00 2.16%

SBI Holdings Incorporated (TSE:8473) and Startale Group Pte. Ltd. have joined Open Standard, an industry alliance supporting the Open USD (OUSD) stablecoin. As part of the move, the two companies will explore a pilot project linking JPYSC, a yen-denominated stablecoin issued by SBI Shinsei Trust Bank, Limited, with OUSD.

The proposed interoperability aims to establish real-time, onchain settlement between the Japanese yen and the U.S. dollar. Connecting JPYSC with OUSD could enhance international liquidity for yen-based assets and simplify cross-border transactions between Japanese institutions and global digital asset networks.

Looking ahead, the companies plan to explore concrete opportunities to advance onchain settlement within applicable regulatory frameworks. The announcement covers exploratory pilot research and does not represent the launch of an active commercial service or production settlement.

Key points

  • SBI Holdings Incorporated (TSE:8473) and Startale Group Pte. Ltd. joined the Open Standard alliance.
  • The firms plan to explore a pilot linking yen stablecoin JPYSC with U.S. dollar stablecoin OUSD.
  • JPYSC is a trust-backed yen stablecoin issued by SBI Shinsei Trust Bank, Limited.
  • The collaboration focuses on exploratory research rather than an immediate commercial product launch.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What did SBI Holdings and Startale announce?

SBI Holdings and Startale joined Open Standard to explore a pilot project connecting yen-backed stablecoin JPYSC with dollar-backed stablecoin OUSD for cross-border settlement.

Is the OUSD and JPYSC stablecoin pilot live?

No, the agreement covers exploratory research and pilot planning rather than the launch of a live commercial service or production settlement platform.

Who issues the JPYSC yen stablecoin?

JPYSC is issued by SBI Shinsei Trust Bank, Limited, as a trust-backed yen stablecoin compliant with Japanese payment and trust regulations.