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Japan pushes stablecoins
While the cryptocurrency market is experiencing
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While the cryptocurrency market is experiencing a period of easing selling pressure, Japanese companies SBI Holdings and Startale Group have unveiled JPYSC — a yen-denominated stablecoin backed by a trust bank and designed for institutional and cross-border use. According to a Startale press release, JPYSC is the first trust-bank-backed stablecoin in Japan, issued by SBI Shinsei Trust Bank in accordance with local digital asset regulation. "The partners believe that a trust-bank-backed yen stablecoin could expand the role of the yen in
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