SBI and Startale Join Open Standard to Pilot Yen-Dollar Stablecoin Settlement

According to BlockchainReporter, SBI Holdings and Startale Group announced on October 16 that they joined Open Standard, the alliance behind the U.S. dollar stablecoin Open USD (OUSD). The firms will explore a pilot linking OUSD with JPYSC, a yen-denominated trust-type stablecoin issued by SBI Shinsei Trust Bank and structured to comply with Japan's Payment Services Act. The companies framed the move as a step toward frictionless yen-dollar settlement conducted onchain and in real time.

Open Standard launched in June 2026 with founding partners including Coinbase, Mastercard, Shopify, Stripe, and Visa, and now counts over 200 financial institutions, fintechs, and banks among its signatories. The announcement covers only a pilot exploration, with no commercial service, production settlement, or trading activity starting, and no launch date set as technical feasibility, regulatory considerations, and cost benefits must be validated. SBI Group previously offered USDC and RLUSD, while Startale has utilized JPYSC for corporate bonds and tokenized securities settlement alongside SBI Global Asset Management and DigiFT Tech.