Tokyo Financial Powerhouse Set to Introduce Yen-Backed Stablecoin to Rival Dollar-Linked Alternatives
Partnership Announcement: SBI Holdings is collaborating with Startale Group to launch a Yen-denominated stablecoin, expected to be released in the second quarter of 2026, leveraging SBI's financial expertise and Startale's Web3 technology background.
Regulatory Compliance and Management: The stablecoin will be fully regulated, with Shinsei Trust & Banking managing its creation and redemption, while SBI VC Trade will oversee its circulation, aiming to integrate digital financial services with traditional finance.
Complementary Currency Stack: The new stablecoin will work alongside Startale's existing Startale USD (USDSC) to support a planned 24/7 tokenized stock exchange, enhancing payment capabilities for AI agents and tokenized assets.
Market Context: The initiative aligns with Japan's growing yen stablecoin market, as the Financial Services Agency has recently approved several yen-backed stablecoin projects, indicating a shift towards digital currencies in the financial sector.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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