SBI Holdings and Startale join Open Standard to explore yen-dollar stablecoin interoperability

SBI Holdings and Startale joined Open Standard, an alliance of more than 200 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase, to explore a pilot connecting yen-denominated stablecoin JPYSC, issued by SBI Shinsei Trust Bank, with U.S. dollar stablecoin Open USD (OUSD). The companies aim to test interoperability for faster yen-dollar settlement, citing the GENIUS Act and OUSD's public onchain launch. SBI's Yoshitaka Kitao and Startale's Sota Watanabe both framed the move as a step toward onchain, cross-border finance. The announcement states it covers only pilot exploration, not a commercial service or production settlement.

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