SBI Holdings and Startale Group’s Japanese yen stablecoin, JPYSC, has entered the final stretch of its Q2 launch window, putting one of Japan’s most closely watched regulated digital-yen projects back in focus. The two companies unveiled JPYSC in February as a trust-based stablecoin issued by Shinsei Trust & Banking under Japan’s regulatory framework. SBI VC Trade is set to serve as the primary distribution partner, while Startale is leading the technical build. The official launch remains tied to the completion of required regulatory approvals.