SBI Holdings and Startale Launch OUSD Pilot for Yen-Dollar Stablecoin Interoperability

SBI Holdings and Startale Group have joined the Open Standard alliance alongside Visa, Stripe, Mastercard, BlackRock and Coinbase, launching a pilot for direct interoperability between the OUSD stablecoin and the yen-denominated JPYSC issued by SBI Shinsei Trust Bank. The goal is instant Tokyo-New York settlement without correspondent banking.

• Pilot links OUSD with regulated JPYSC from SBI Shinsei Trust Bank
• Open Standard alliance launched in June 2026 with Visa and Stripe
• SBI and Startale tested tokenized securities settlement in July 2026
• It remains an exploratory pilot, not a live commercial service