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SBI and Startale Plan Japan’s First Trust Bank-Backed Yen Stablecoin in Q2

According to the source, SBI and Startale aim to launch a trust bank-backed yen stablecoin in Q2 for B2B settlement, cross-border payments, remittances, digital asset settlement, Web3 payments, and AI-agent transactions.

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Fact Check
The core elements of the claim are strongly supported by multiple credible sources. 'SBI Holdings unveils trust bank-backed JPY stablecoin with Q2 launch target | The Block' confirms JPYSC is a real trust bank-backed yen stablecoin developed by Startale Group with SBI Shinsei Trust Bank, targeting Q2 2026 launch. The DL News interview (May 5, 2026) confirms Sota Watanabe as Startale CEO and his direct involvement in JPYSC. CertiK Pulse explicitly corroborates the 'within months' language attributed to Watanabe. The Block's EJPY article confirms JOC (Japan Open Chain) and Ethereum are the relevant chains for trust-type yen stablecoins in Japan, consistent with the claim's mention of those chains for JPYSC. The small residual uncertainty stems from the 'within months' phrasing being a soft timeline and the original X posts not being directly fetchable for verbatim confirmation.
Summary

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.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being linked to a fiat currency such as the Japanese yen.
  • Trust bank-backed stablecoin: A stablecoin supported through a trust banking structure intended to back issuance, redemption, and price stability.
  • AI-agent transactions: Payments or transfers initiated by software agents using artificial intelligence to automate commercial or operational tasks.