Japan’s SBI to launch yen stablecoin lending with 3% yield
Cointelegraph 2026-07-13 10:27:50
Context: SBI VC Trade, a Japanese financial services company, is set to launch a lending service for yen stablecoins on July 16, offering a 3% annual yield for a 12-week term. The service will allow users to lend their yen stablecoins, known as JPYSC, and earn interest without the protection of deposit insurance. This move marks a significant development in Japan's financial sector.
Key Facts
- SBI VC Trade will begin accepting lending applications for JPYSC on July 16, marking the launch of its stablecoin lending service in Japan.
- The initial annual interest rate for the 12-week lending term is set at 3%, with no deposit insurance provided to protect users' funds.
- The lending service will specifically focus on JPYSC, a type of stablecoin pegged to the Japanese yen, allowing users to earn interest on their holdings.