SBI and Startale Explore Linking Yen and Dollar Stablecoins
SBI and Startale join Open Standard to explore interoperability between OUSD and JPYSC, aiming to improve yen-dollar settlement and onchain finance.
SBI and Startale join Open Standard to explore interoperability between OUSD and JPYSC, aiming to improve yen-dollar settlement and onchain finance.
SMBC Nikko, one of Japan's largest securities firms, and Nethermind are building the DeFi Gateway, an onchain trading venue for Japanese investors on Uniswap v4.
On Thursday, the Cardano Foundation announced via X that it has entered into a strategic partnership with Pacific Meta.
Bitcoin rose to $77,400 after the Bank of Japan lifted interest rates to a 31-year high of 1.25%, despite concerns about yen carry trades.
Stablecoin neobank Fasset raises $68 million at a $1 billion valuation as SBI Group backs its expansion across global payment and remittance markets.
Japan has created a standalone Crypto Assets and Stablecoins Division within the FSA, a big regulatory upgrade for an asset class previously handled by a back-office unit in the agency.
Japan’s JPYC raises $38 million to expand its yen stablecoin ecosystem as AZ-COM Maruwa plans payments to 2,300 partners and contractors.
Bitget will stop serving Japanese users after halting new registrations, citing regulatory compliance as Japan prepares stricter crypto trading rules.
On Monday, the Pyth Network announced via X that Japanese equities are now live on Pyth Pro.
On Thursday, the Ondo Finance team announced via X that it has partnered with SBI Group, one of Japan's leading financial institutions.
On Monday, the Avalanche Foundation announced via X that Progmat has migrated ¥452B+ ($2.7B+) in regulated digital securities to an Avalanche L1.
SBI Group will launch a JPYSC stablecoin lending service offering a 3% annual yield as it expands its onchain finance and digital asset strategy in Japan.