SBI Holdings, one of Japan’s most powerful financial groups, is rolling out a regulated yen-denominated stablecoin called JPYSC. The token represents Japan’s first trust-based electronic payment instrument, a designation that carries real weight in a country known for its meticulous approach to financial regulation.
The stablecoin is being issued and redeemed through SBI Shinsei Trust & Banking, while SBI VC Trade handles distribution.
How JPYSC actually works
JPYSC is classified as a Type 3 Electronic Payment Instrument under Japan’s Payment Services Act, giving it a regulatory foundation that most stablecoins globally still lack.
One notable feature of this classification is that it allows for larger remittances without the domestic cap of 1 million yen. That limit, roughly $6,500 at recent exchange rates, has been a friction point for businesses and institutions trying to move meaningful sums through digital rails inside Japan.
