SBI and Startale plan to launch Japan's first trust bank-backed yen stablecoin in Q2.

CoinFeed reported on May 13 that, according to Solid Intel, Japanese financial group SBI and blockchain R&D company Startale plan to launch Japan's first trust bank-backed yen stablecoin in the second quarter for use in B2B corporate settlements, cross-border payments, and AI-assisted transactions.