SBI Invests $270 Million in Ajaib to Boost Yen Stablecoin
SBI has acquired a 20% stake in Indonesia's Ajaib for $270 million, aiming to enhance its yen stablecoin and develop a blockchain settlement network.
6 articles tagged with #SBI
SBI has acquired a 20% stake in Indonesia's Ajaib for $270 million, aiming to enhance its yen stablecoin and develop a blockchain settlement network.
SBI's $270 million investment in Ajaib aims to boost digital brokerage growth in Indonesia, potentially reshaping the regional fintech landscape.
Fasset's $1 billion valuation reflects increasing institutional confidence in stablecoin infrastructure and its potential to transform global payment systems.
Fasset's valuation of $1 billion, backed by SBI, underscores the growing role of stablecoins in improving global remittance efficiency and accessibility.
SBI VC Trade introduces a new lending product for its yen stablecoin, JPYSC, offering a 3% annual yield for a 12-week term starting July 13.
SBI VC Trade will begin yen stablecoin lending on July 16, offering a 3% annual yield for a 12-week term, though without deposit insurance.