[Startale CEO: Launching the world's first bank-backed Japanese yen stablecoin JPYSC within months] According to Golden Finance, on May 13, Sota Watanabe, CEO of Japanese Web3 infrastructure company Startale, stated that the world's first bank-backed Japanese yen stablecoin JPYSC will be launched within a few months. The goal is to leverage the yen as the lowest-cost financing currency to invest in the highest-growth assets, such as U.S. stocks, on-chain. In March of this year, Startale Labs announced the completion of a $63 million Series A funding round, led by Sony Innovation Fund, with participation from Asian industry and financial giants such as Samsung Next, UOB Venture Management, and SBI Holdings.