Market News / Story
Startale Opens Japan Digital Bond Paying Interest And Principal In JPYSC
NewsBTC ·
NewsBTC reports: TL;DR Startale Japan has opened subscriptions for a one-year digital corporate bond that pays interest and principal in JPYSC. The offering totals ¥99.9 million, carries a fixed 5% annual pre-tax rate and is available from ¥100,000 per unit. JPYSC is a yen-denominated trust-type stablecoin issued by SBI Shinsei Trust Bank. A Japanese corporate bond is being used as a real-world test of stablecoin settlement. Startale Japan opened subscriptions on October 6 for a digital…