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first_img SBI and Startale join Open Standard to explore interoperability between JPYSC and OUSD

On October 16, SBI Holdings and Startale Group announced their participation in Open Standard to explore the interoperability of the dollar-pegged stablecoin OUSD and the yen-denominated trust-based stablecoin JPYSC. The article states that Open Standard will launch in June 2026, and the alliance already includes over 140 global companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, with OUSD already publicly launched on-chain. The announcement clarified that this only involves exploring a pilot project and does not represent the launch of new commercial services or the initiation of production environment settlements or trading activities.Yoshitaka Kitao, Representative Director, Chairman, President, and CEO of SBI Holdings, stated that cross-border transactions will become more common, and seamless conversion between yen and dollar stablecoins is crucial. Joining Open Standard and exploring related proof of concepts is an important step. He also mentioned that the SBI Group has been the first in Japan to offer dollar stablecoins USDC and RLUSD. Startale Group CEO Sota Watanabe stated that joining Open Standard reflects both parties' belief that the future of finance is on-chain, borderless, and interoperable, and that the pilot interoperability of JPYSC and OUSD is of significant importance.JPYSC is issued by SBI Shinsei Trust Bank and is positioned as an on-chain yen settlement infrastructure compliant with Japan's Payment Services Act and trust law framework. In July 2026, SBI Global Asset Management, DigiFT, and Startale announced a proof of concept for tokenized securities settlement and distribution payments, considering the future use of JPYSC. Open Standard claims it was established in 2026, with founding partners including Coinbase, Mastercard, Shopify, Stripe, and Visa, and over 200 institutions have signed up to add OUSD to the platform.

Visa launches enterprise-level stablecoin service platform, opening stablecoin services to over 200 million merchants

According to Fortune, global payment giant Visa is accelerating its layout of stablecoin infrastructure by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into existing payment and fund management systems.It is reported that the platform aims to provide stablecoin service support for approximately 15,000 financial institutions and over 200 million merchants globally, allowing businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks.Visa currently processes about $150 trillion in payment transactions annually and has handled stablecoin settlement business worth billions of dollars. The company hopes to further expand the application of stablecoins through the new platform. The Visa Stablecoin Platform will initially support the new stablecoin OUSD launched by the Open Standard Alliance, while continuing to be compatible with existing stablecoins supported by Visa, including USDC issued by Circle and USDG issued by Paxos.Visa believes that stablecoins are becoming an important component of future financial infrastructure, with advantages including: instant settlement, transactions that do not rely on traditional bank clearing cycles; low-cost transfers, reducing payment costs based on blockchain networks; and transparency and traceability, with on-chain transaction records providing higher verifiability. Visa has been continuously laying out its strategy in the stablecoin field. In 2020, Visa became the first global payment network to support USDC settlements; in 2025, the company launched a stablecoin settlement program to further promote stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and collaborated with companies such as MoonPay and Paxos; American Express is also participating in the ecosystem development related to Open Standard. As traditional payment giants increasingly adopt stablecoins, stablecoins are gradually transforming from payment tools in the crypto industry to an important component of global financial infrastructure.
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