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

NewsFeeds update

SBI Holdings and Startale have joined Open Standard, the stablecoin alliance of more than 140 firms, to explore interoperability between the yen-backed JPYSC and Open USD (OUSD). SBI's Yoshitaka Kitao and Startale's Sota Watanabe both framed the work as a proof of concept for on-chain yen-dollar exchange.

StablecoinsOdailyAIBullish

Read the original on Odaily

The story so far: SBI and Startale yen stablecoin work

SBI Holdings and Startale joined Open Standard to explore interoperability between the yen-backed JPYSC and Open USD. BlackRock, SBI and Startale are now reviewing a plan to connect the JPYSC yen stablecoin with a tokenised money market fund, covering technology, business models and regulation.

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

    SBI Holdings and Startale have joined Open Standard, the stablecoin alliance of more than 140 firms, to explore interoperability between the yen-backed JPYSC and Open USD (OUSD). SBI's Yoshitaka Kitao and Startale's Sota Watanabe both framed the work as a proof of concept for on-chain yen-dollar exchange.

    StablecoinsOdailyAIBullish

  2. BlackRock explores linking tokenised money market fund to yen stablecoin

    BlackRock, SBI Holdings and Startale Group are reviewing a plan to connect SBI's yen stablecoin JPYSC with a tokenised money market fund, covering technology, business models and regulation. The cooperation is open to financial institutions in Japan and overseas.

    StablecoinsCoinNessAIBullish

More Stablecoins updates

  1. BlackRock explores linking tokenised money market fund to yen stablecoin

    StablecoinsCoinNessAIBullish

  2. ARK Invest's Valente says stablecoin-holding addresses pass 300m for first time

    StablecoinsChainCatcherAIBullish

  3. Ark Invest buys about $5.2m of Circle shares as stock falls 7%

    StablecoinsPANewsAIBullish

Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.