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SBI Chairman: SBI will build a stablecoin payment system, and the path will be different from JPYC and other yen stablecoins.
Odaily News Today, at the WebX 2025 conference held in Tokyo, Japan, SBI Holdings Group Chairman Yoshitaka Kitao stated that the SBI Group is building a stablecoin payment system utilizing its financial infrastructure, considering to expand low-fee payment services based on blockchain through its existing user base of approximately 42 million securities accounts. Yoshitaka Kitao also mentioned that the SBI Group plans to adopt a unique path that differentiates it from existing stablecoin projects like JPYC, focusing on a development strategy that meets regulatory compliance requirements. (Coinpost)