Key Highlights: JPYC’s interest revenue model faces pressure from regulatory transaction caps that restrict the circulation of its yen-pegged stablecoin. Corporate adoption has been slowed by Japan’s Type II funds-transfer rules, forcing major corporate partners like software firm Asteria to accumulate JPYC holdings in installments. Founder Noritaka Okabe is targeting a tenfold circulation increase to ...
Key Highlights: A consortium of five Japanese institutions successfully tested cross-border settlement using a joint, bank deposit-backed yen stablecoin model between July 17 and 23. The pilot focused on corporate payments between Mitsubishi Corporation’s domestic and overseas bases, confirming the technical safety and feasibility of a multi-trustor issuance scheme. Participating banks are targeting a live ...
SBI Holdings Plans $270 Million Investment in Indonesian Brokerage Ajaib SBI Holdings, a major Japanese financial services company, plans to acquire a $270 million stake…