BlackRock Japan Explores Yen Stablecoin JPYSC With SBI and Startale

TLDR BlackRock signed a memorandum of understanding with SBI Holdings and Startale Group. The companies will explore linking tokenized money market funds with SBI’s yen-pegged stablecoin JPYSC. The work will cover technology, distribution, and regulation and market development. JPYSC launched in June as Japan’s first trust bank-backed yen stablecoin. The firms may bring in more [...]

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