SBI and Startale plan to launch what the source describes as Japan’s first trust bank-backed yen stablecoin in the second quarter, expanding on earlier reporting about a trust-based yen-pegged token project on Japan Open Chain and Ethereum. Earlier coverage said Japan Blockchain Foundation planned to issue a stablecoin called EJPY within the year for B2B settlement, digital asset settlement, remittances, and Web3 payments, while a prior Startale-linked update said JPYSC would launch within months. The latest report adds SBI as a participant and highlights cross-border payments and AI-agent transactions, but the relationship between EJPY and JPYSC remains unclear because the source material does not confirm whether they are the same product under different names or related initiatives.