Ripple partner enters $300bn stablecoin race [Yahoo! Finance]
SUMITOMO MITSUI TR S/ADR (SUTNY)
NASDAQ:AMEX Investor Relations:
smtb.jp/tools/english
Company Research
Source: Yahoo! Finance
The company, which has a $15 billion market cap and operates the SBI VC Trade crypto exchange, plans to launch the coin in the second quarter of financial year 2026, according to documents shared with DL News The company will work on the project with Startale Group, a blockchain startup that has previously worked on Ethereum layer 2 projects with the likes of Sony. Yoshitaka Kitao, SBI's chair and president, said in a statement that the firm will apply “Japan's new stablecoin framework” to the cross-border settlement sector. “By circulating [the coin] both domestically and globally, we aim to dramatically accelerate the movement toward providing digital financial services that are fully integrated with traditional finance,” said Kitao. The announcement comes amid an end-of-year flurry of Japanese stablecoin-related activity, which began in late October with the startup JPYC releasing the country's first Japan-based, fully regulated yen-pegged coin. Yen-pegged stablecoins ma
Show less
Read more
Impact Snapshot
Event Time:
SUTNY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SUTNY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SUTNY alerts
High impacting SUMITOMO MITSUI TR S/ADR news events
Weekly update
A roundup of the hottest topics
SUTNY
News
- Japan Two-Year Bond Yield Rises After Tepid Auction Demand [Yahoo! Finance]Yahoo! Finance
- SBI Group Joins Japan's Megabank JPY Stablecoin Race [Yahoo! Finance]Yahoo! Finance
- SBI, Startale to launch regulated yen stablecoin for global settlement [Yahoo! Finance]Yahoo! Finance
- BOJ preps markets for near-term hike as weak yen overshadows politics [CNBC]CNBC
- Stock Market Today: Nasdaq, S&P 500 Seen Lower in Futures Trading After Rate Cut Jitters [Yahoo! Finance]Yahoo! Finance