SBI and Startale Test Open Standard for Yen-Dollar Stablecoin Payments
SBI Holdings and Startale Group are exploring interoperability between JPYSC and OUSD stablecoins using Open Standard for cross-border transactions.
SBI Holdings and Startale Group are exploring interoperability between JPYSC and OUSD stablecoins using Open Standard for cross-border transactions. Open USD (OUSD) is trading at ₹95.03 ($0.9993). This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Fri, 16 Oct 2026 17:15:01 UTC.
This development aims to improve the efficiency and transparency of cross-border yen-dollar payments using blockchain technology, potentially reducing costs and processing times compared to traditional methods.
- SBI Holdings and Startale Group are testing JPYSC and OUSD interoperability.
- Open Standard is being used to facilitate cross-border yen-dollar payments.
- OUSD has a circulating supply of $824.12M (DeFiLlama).
- SBI Group Partners with Open Standard to Test JPYSC-OUSD Integration
- SBI and Startale Test Open Standard for Yen-Dollar Stablecoin Payments — this brief
SBI Holdings and Startale Group are conducting tests to explore the interoperability between JPYSC, a Japanese yen-denominated stablecoin, and OUSD, an open-source stablecoin, using the Open Standard protocol.
The initiative aims to improve the efficiency and transparency of cross-border yen-dollar payments by leveraging blockchain technology. This could potentially reduce the time and costs associated with traditional cross-border transactions.
The collaboration is part of a broader trend in the cryptocurrency space to develop stablecoins for more efficient cross-border payments. The OUSD stablecoin, which has a circulating supply of $824.12M according to DeFiLlama, is playing a key role in this test.
The total cryptocurrency market cap is currently $2.8T, with the overall market experiencing a downturn. 
Bitcoin is down 1.30% in the last 24 hours, and the Fear & Greed Index stands at 63, indicating a state of 'Greed' in the market.
The 
Open USD (OUSD) stablecoin is currently priced at $0.999243, with a slight increase of 0.23% over the past 24 hours and 0.28% over the past 7 days.
Since this brief published about 1 hour ago, Open USD (OUSD) has moved from ₹95.03$0.9992 to ₹95.03$0.9993 — +0.01%.
The chart plots OUSD's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 OUSD ≈ ₹104.43 (about $0.9993), up 0.2% over 24 hours. The rupee itself trades about 9.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SBI and Startale Test Open Standard for Yen-Dollar Stablecoi — questions & answers
What is the purpose of the SBI and Startale collaboration?
The collaboration aims to test the interoperability of JPYSC and OUSD stablecoins using Open Standard for cross-border yen-dollar payments.
How does this initiative impact the cryptocurrency market?
This initiative could improve the efficiency of cross-border payments, potentially increasing the adoption of stablecoins in the market.
What is the current circulating supply of OUSD?
The circulating supply of OUSD is $824.12M, according to DeFiLlama.
How much is 1 Open USD worth in rupee today?
About ₹104.43 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9993. The rupee price moves with both OUSD's US-dollar price and the USDT/INR rate; use our Open USD in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.