Japan’s SBI to launch yen stablecoin lending with 3% yield
Tokyo-based SBI VC Trade will begin accepting applications Thursday for a Japanese yen-denominated stablecoin lending service offering an initial annualized rate of 3% on JPYSC...
Tag : yen
Bitcoin price risks drop below $58K as US dollar hits 40-year high against yen
Bitcoin (BTC) fell toward $58,000 around Tuesday’s Wall Street open as the clock ticked down to a brutal quarterly close. Key points: US stocks’ Q2...
SBI Group Launches JPYSC, Japan’s First Trust Bank-Backed Yen Stablecoin
JPYSC has officially launched today, Japan’s first trust bank-backed yen stablecoin, issued by SBI Shinsei Trust Bank and distributed exclusively through SBI VC Trade. The...
Bitcoin Price Prediction: Bank of Japan Rate Hike and Piling Yen Shorts Threaten BTC
Bitcoin price is back above $65,000, gaining more than $3,000 in a day, although Washington helps, news from the other side of the world threatens...
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a yen-backed crypto stablecoin by the...
Japan’s three megabanks target joint yen stablecoin by March 2027
MUFG Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank plan to start live transactions with a jointly issued stablecoin during fiscal year 2026. Japan’s fiscal...
Japan’s Ruling Party Pushes On-Chain Finance Plan to Protect Yen
In brief Japan’s ruling LDP party has put forward a proposal framing on-chain finance as a way to protect yen sovereignty. It seeks clearer rules...
USD/JPY swings sharply as yen volatility adds pressure to global risk assets
The sharp move highlights ongoing instability in global currency markets as traders adjust positions amid shifting expectations around monetary policy divergence between the United States...