27.02.202613:30 Analisis Forex & Kajian: Japan pushes stablecoins

While the cryptocurrency market is experiencing a period of easing selling pressure, Japanese companies SBI Holdings and Startale Group have unveiled JPYSC — a yen-denominated stablecoin backed by a trust bank and designed for institutional and cross-border use.

According to a Startale press release, JPYSC is the first trust-bank-backed stablecoin in Japan, issued by SBI Shinsei Trust Bank in accordance with local digital asset regulation. "The partners believe that a trust-bank-backed yen stablecoin could expand the role of the yen in digital finance and provide a regulated alternative in the market," the release said.

Clearly, the move marks a significant step in integrating traditional financial institutions into the expanding world of digital assets, offering the stability and trust associated with fiat currencies combined with the flexibility and efficiency of blockchain technology. The launch of JPYSC may also respond to rising demand from institutional investors seeking reliable, regulated crypto solutions. Trust-bank backing is intended to ensure liquidity and transparency, which are vital to attracting large players. The focus on institutional and cross-border use underscores the project's ambition to create a new standard for international settlement and investment in digital assets, with the conventional yen serving as the anchor currency.

Both companies said early engagement between institutions and corporates reflects demand for yen-denominated stablecoins. They added that a trust-bank-supported model strengthens governance, oversight, and operational security mechanisms for effective deployment in regulated environments. Startale Group said that their yen-denominated stablecoin was not merely a medium for everyday payments but would play a central role in a world built on blockchain, and added that they saw enormous potential in facilitating payments between AI agents and in enabling the distribution of tokenized assets, both of which they expected to become realities soon.

Trading recommendations:

With respect to Bitcoin's technical picture, buyers are currently targeting a return to $68,900, which would open a direct path to $70,600 and then to $72,100. The extended target is a peak around $74,600. A break above that level would signal attempts to restore the bull market. On a decline, buyers are expected at $66,400. A fall below that area could quickly push BTC toward $64,400, with a further downside target near $62,600.

Regarding Ethereum's technical picture, a clear consolidation above $2,078 would open a direct route to $2,169. The extended target is a peak near $2,279. Breaching that level would strengthen bullish sentiment and renew buyer interest. If ETH falls, buyers are anticipated at $1,998. A drop below that zone could rapidly send ETH down to about $1,936, with a further downside target near $1,869.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.