SBI VC Trade, a subsidiary of SBI Holdings, is set to launch a USDC lending service in Japan, enabling retail users to earn yield by lending stablecoins. The service, commencing this Thursday, allows users to lend up to 5,000 USDC per term through fixed-term agreements. This lending product is structured as a loan to SBI VC Trade, with users assuming direct counterparty risk. The platform may re-lend the borrowed USDC, and users are unable to withdraw or transfer funds during the lending period. Unlike traditional bank deposits, this service does not offer asset segregation protection, meaning users could potentially lose their assets if the platform becomes insolvent.