SBI, Startale Join Open Standard to Link Yen‑Dollar Stablecoins
Japan's SBI and Singapore's Startale have joined Open Standard to explore linking the JPYSC and OUSD stablecoins.
SBI of Japan and Startale of Singapore announced they are joining the Open Standard initiative to explore a direct link between the yen‑backed JPYSC stablecoin and the dollar‑backed OUSD stablecoin. The partnership was disclosed in a brief statement released today.
Collaboration Details
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The two firms will work within the Open Standard framework to assess technical and regulatory pathways for a yen‑dollar stablecoin bridge.
Expected Outcomes
If successful, the link could facilitate cross‑border payments and broaden the utility of both stablecoins.
Key facts
- SBI (Japan) joins Open Standard
- Startale (Singapore) joins Open Standard
- Focus on JPYSC and OUSD stablecoins
- Aim to create a yen‑dollar stablecoin bridge
Source: news.google.com
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