SBI Group unveils 3% yield JPYSC stablecoin lending

SBI Group will launch a 3% yield JPYSC stablecoin lending service via SBI VC Trade, with applications opening July 16. The 12-week product is part of SBI’s onchain finance expansion.

SBI Group is set to launch a lending service for its yen-backed stablecoin, JPYSC, offering a 3% annual yield with a 12-week fixed term via its crypto trading platform, SBI VC Trade. Applications for the program open on July 16. Users can deposit JPYSC, which cannot be withdrawn or transferred during the lending period. Upon maturity, participants receive their original tokens plus a lending fee. This program is structured as a crypto-asset loan, not as interest from the stablecoin issuer, and does not have Japanese bank deposit protections. The initiative follows the recent debut of JPYSC, Japan’s first trust bank-backed yen stablecoin, and is part of SBI’s broader expansion into onchain finance. SBI has also partnered with the Solana Foundation to develop onchain financial markets and support stablecoin and tokenized asset issuance. Other major Japanese banks are planning similar stablecoin projects, signaling increasing competition in the sector.