SBI Holdings and Startale join Open Standard to explore interoperability between JPYSC and OUSD

SBI Holdings and Startale join Open Standard to explore interoperability between JPYSC and OUSD, in order to enhance the international liquidity of yen denominated assets. SBI Holdings Chairman and President Yoshitaka Kitao stated that SBI Group has become the first Japanese company to offer USD denominated stablecoins USDC and RLUSD, and will continue to promote the adoption of digital assets. Startale CEO Chuang Tai Watanabe stated that the pilot interoperability between JPYSC and OUSD is of great significance. JPYSC is issued by SBI New Trust Bank Limited, while Open Standard is composed of over 140 companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase.