SBI VC Trade will offer JPYSC lending at an initial annual rate of 3%, marking a significant step in the evolution of stablecoins from payments to yield-bearing instruments.
Japan’s SBI is set to launch a yen stablecoin (JPYSC) lending service, offering an initial 3% annual interest rate for a 12-week term. The move comes weeks after SBI introduced JPYSC as the first regulated trust-structured Japanese yen-backed stablecoin.
SBI VC Trade will begin accepting applications on July 16th from customers who wish to lend their JPYSC tokens, with the service aiming to provide a higher return than typical ordinary yen deposits. However, it is important to note that this lending does not offer deposit insurance and cannot be canceled early.
The launch of the JPYSC lending service follows SBI’s previous stablecoin lending services for Circle’s USDC in March. This new initiative highlights how stablecoins are evolving from mere payment tools into financial instruments offering passive income, aligning with Japan's broader efforts to integrate blockchain technology and cryptocurrencies more broadly into its economy.
SBI is also partnering with the Solana Foundation to build a Japanese onchain financial market focused on tokenized assets and cross-border settlement. This partnership aims to position Japan as a leading hub for onchain finance while expanding stablecoin usage across Asia, including institutional services and AI agents in payment infrastructure.
The move comes amid positive regulatory signals from the Japanese government, which plans to strengthen support for Web3 startups through increased funding and easing of regulatory requirements. In May 2025, Prime Minister Sanae Takaichi introduced policies aimed at accelerating startup growth by increasing investments to 10 trillion yen in fiscal year 2027.
This development is significant as it marks a shift from traditional banking practices towards more innovative financial services using stablecoins. Traders should watch the market for further developments, especially regarding how this lending service impacts the broader adoption of JPYSC and other stablecoins in Japan's financial landscape.
For traders interested in passive income opportunities or those looking to diversify their portfolios with yen-denominated assets, SBI’s new lending service could present an attractive option. However, due diligence is crucial given the lack of deposit insurance.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.