Startale Japan to issue digital bonds paying interest and redemption in JPYSC stablecoin at 5%
- —Issue size is 99.9 million yen, with subscriptions open from October 6 to November 10
- —Coupon is fixed at 5% a year, minimum ticket 100,000 yen, one-year tenor
- —Interest and redemption are paid in JPYSC via the Startale App
- —JPYSC in circulation stands at about 27 billion yen
Why it matters: Japan's first bond settling in a stablecoin demonstrates a real use case for JPYSC and could speed up institutional adoption of digital assets in the country.
Source: CoinDesk Japan