JPYSC, a trust-type yen-pegged stablecoin, has started investing ¥1 billion of its reserve assets in short-term Japanese government bonds. SBI Shinsei Trust Bank acts as JPYSC’s issuer and manages its reserve assets, while SBI VC Trade handles issuance and distribution. The initiative follows amendments to Japan’s Payment Services Act that permit eligible trust-type stablecoins to invest up to 50% of issuance-backed reserves in short-term government bonds or qualifying time deposits while retaining liquidity for redemptions. As of September 7, JPYSC’s outstanding issuance was approximately ¥20.1 billion, and applications for SBI VC Trade’s yen lending service totaled about ¥6.9 billion, bringing the combined amount close to ¥27 billion. Startale is developing JPYSC’s technology with SBI Group. The companies expect the stablecoin to support domestic and cross-border payments, remittances, on-chain foreign exchange and settlements involving tokenized real-world assets.