SBI Shinsei Trust Bank Begins Investing 1 Billion Yen of JPYSC Backing Assets in Government Bonds

SBI Shinsei Trust Bank has begun utilizing 1 billion yen of the backing assets for its trust-based yen-denominated stablecoin, JPYSC, to invest in short-term government bonds. This move follows the implementation of the revised Payment Services Act, with the total issuance of JPYSC currently standing at approximately 20.1 billion yen.