On May 13, Sota Watanabe, CEO of Japanese Web3 infrastructure company Startale, announced that the world's first bank-supported yen stablecoin, JPYSC, will be launched within a few months. The goal is to utilize the yen as the lowest-cost financing currency to invest in high-growth assets on-chain, such as U.S. stocks. In March of this year, Startale Labs announced the completion of a $63 million Series A funding round, led by Sony Innovation Fund, with participation from Asian industry and financial giants including Samsung Next, UOB Venture Management, and SBI Holdings.
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Startale CEO: Launching World's First Bank-Supported Yen Stablecoin JPYSC Within Months
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