Stablecoins
Bullish
SBI, Mesh and Money Forward form Japan stablecoin payments joint venture
Image: Crypto.newsSBI Holdings, Mesh and Money Forward announced a Japan-focused stablecoin payments joint venture on September 30 2026. Separately, SBI DigiTrust is testing Japan-South Korea stablecoin QR payments with NICE and DSRV, with test completion targeted for the end of December 2026. The test covers QR checkout flows, fund transfers and system integration, leveraging NICE's 1.2 million South Korean merchant network. No stablecoin, blockchain or commercial launch date has been named for either project.
Key points
- SBI is advancing multiple stablecoin payment initiatives in Japan and cross-border with South Korea
- SBI Holdings, Mesh and Money Forward formed a Japan-focused stablecoin payments joint venture
- SBI DigiTrust is testing Japan-South Korea stablecoin QR payments with industry partners
- Regulatory compliance is a stated focus for both of SBI's stablecoin projects
Why it matters
The initiatives aim to expand stablecoin use for cross-border travel payments in the region, leveraging NICE's 1.2 million South Korean merchant network. Both projects prioritize regulatory compliance as stablecoin frameworks evolve in Japan and South Korea.
What's unclear
No stablecoin, blockchain, exchange model or commercial launch date has been named for either project
The relationship between SBI's August Nodeinfra Japan-Korea stablecoin test and the current NICE/DSRV project is not disclosed
Sources · 2 publishers
Crypto.news
Tier 2
SBI wants stablecoin QR payments for Japan-Korea travel
Coverage timeline
- First reported by Bitcoinist
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
