Japanese financial giant SBI Holdings is pouring $270M into Indonesia's Ajaib Group for a ~20% stake, aiming to push its JPY stablecoin JPYSC across Southeast Asia and build a blockchain-based cross-border settlement network. The deal follows SBI's recent $100M acquisition of Coinhako and other regional moves.
SBI, a major Japanese finance company, is buying into an Indonesian trading platform to expand crypto and stablecoin services in Southeast Asia. They plan to use their yen-backed stableco...
