# Japan yen-denominated stablecoin implementation

> Live situation record from CLSTR: https://clstr.news/situations/japan-yen-denominated-stablecoin-implementation
> Updated: 2026-10-05T09:02:59.000Z. Sources: 8. Developments: 2.

In September 2026, the Japan Blockchain Foundation initiated a six-month demonstration program to test the social implementation of the yen-denominated stablecoin, EJPY. The trial involves 26 partners, including financial institutions and local governments, to verify use cases such as cross-border remittances, business-to-business transactions, and digital asset settlements using the Japan Open Chain infrastructure.

Following this, in October 2026, Startale Japan launched the ‘Stablecoin Diffusion Bond,’ which represents Japan’s first digital corporate bond to pay both interest and principal in a yen-denominated trust-type stablecoin, JPYSC. This 99.9 million yen issuance aims to demonstrate the integration of stablecoin infrastructure with traditional corporate financing and capital markets.

## Timeline

### 2026-10-05: Startale Japan launches Japan’s first digital bond paid in JPYSC stablecoin

Startale Japan has issued Japan’s first digital corporate bond that pays interest and principal in JPYSC, a yen-denominated trust-type stablecoin, offering a 5% annual interest rate to domestic investors.

6 sources. https://clstr.news/cluster/startale-japan-to-launch-japans-first-stablecoin-based-digital-bond

### 2026-09-25: Japan Blockchain Foundation launches EJPY stablecoin trial with 26 partners

Twenty-six Japanese companies, banks, and municipalities have joined a pilot program to test the EJPY yen-denominated stablecoin for payments, remittances, and digital asset settlements.

2 sources. https://clstr.news/cluster/japan-blockchain-foundation-launches-ejpy-stablecoin-trial-with-26-partners

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Cite as: Japan yen-denominated stablecoin implementation. CLSTR, https://clstr.news/situations/japan-yen-denominated-stablecoin-implementation