Update
Blackrock Joins SBI in Yen Stablecoin Bet
BlackRock has signed an MOU with SBI Holdings and Startale Group to explore integrating tokenized money market funds into JPYSC, Japan's yen stablecoin. The collaboration aims to study the feasibility of tokenized funds settling against a yen-denominated stablecoin. The partners plan to work in three areas, though no timeline for a finished product has been committed to. SBI, a long-time Ripple partner, now operates both Ripple’s RLUSD stablecoin and JPYSC, positioning it at the center of Ripple's product suite.