Startale Group and SBI Holdings have signed a memorandum of understanding to develop a fully regulated, yen-denominated stablecoin for global settlement and institutional use, the companies said in a press release Monday. The project pairs Startale’s blockchain stack, including its work on the Soneium network, with SBI’s reach as one of Japan’s largest financial groups, targeting a share of a $300 billion stablecoin market still dominated by dollar-pegged tokens. Shinsei Trust & Banking will handle issu ...