SBI and Startale Join Open Standard to Pilot Yen-Dollar Stablecoin Settlement
Photo: Blockchain Reporter
SBI Holdings and Startale Group said on October 16 that they have joined Open Standard, the alliance behind the U.S. dollar stablecoin Open USD (OUSD), and will explore a pilot linking OUSD with JPYSC, the yen-denominated trust-type stablecoin issued by SBI Shinsei Trust Bank, according to the companies’ announcement . The two firms frame the move as a first step toward frictionless yen-dollar settlement conducted onchain and in real time. JPYSC is a trust-backed stablecoin structured to comply with Japan’s Payment Services Act.
Source: Blockchain Reporter
