Startale Japan, a blockchain company in Japan, said it will issue what it describes as the country’s first "stablecoin adoption bond." The product is structured as a self-offered digital corporate bond and will use JPYSC, a trust-based stablecoin pegged to the Japanese yen, for both interest payments and principal redemption. The bond carries a fixed pretax annual interest rate of 5.0%, with a minimum investment of 100,000 yen per unit and a one-year term. The total fundraising amount is set at 99.9 million yen. Subscription will run from Oct. 6 to Nov. 10 through a dedicated website. The item was cited by Techub News, which referenced CoinPost.
Startale Japan, a blockchain company in Japan, has announced the issuance of what it calls Japan’s first "stablecoin adoption bond."
The instrument is a self-offered digital corporate bond. Interest payments and principal redemption will be made in JPYSC, a trust-based stablecoin pegged to the Japanese yen. The bond offers a fixed pretax annual interest rate of 5.0%, starts at 100,000 yen per unit, has a one-year term, and targets a total fundraising amount of 99.9 million yen.
The subscription period runs from Oct. 6 to Nov. 10 through a dedicated website, according to Techub News, citing CoinPost.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
