SBI Group is set to introduce a yen stablecoin lending service this month via its crypto exchange, SBI VC Trade. The service will offer a 3% annualized yield on a 12-week fixed-term product for users lending JPYSC, Japan's first yen stablecoin backed by a trust bank. This launch follows the recent introduction of JPYSC and aims to attract both retail and institutional investors with lower transaction costs and block trade support.
SBI has been actively expanding its presence in the crypto sector, with investments in Gauntlet, EDX Markets, and the acquisition of Bitbank. The company is working towards creating a comprehensive ecosystem that includes exchanges, asset tokenization, and market platforms within the on-chain finance industry.
SBI Group to Launch Yen Stablecoin Lending with 3% Yield
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