Startale Japan launches Japan’s first stablecoin adoption bond with a 5.0% annual rate

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.