Japan's SBI VC Trade to Launch Yen Stablecoin Lending with 3% Yield
Japan's SBI VC Trade to Launch Yen Stablecoin Lending with 3% Yield
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SBI VC Trade, a subsidiary of Japan's financial services giant SBI Holdings, is preparing to launch a new lending service for its yen-pegged stablecoin, JPYSC. Beginning July 16, users will be able to apply for lending options offering an initial annual interest rate of 3% for a 12-week term, though the service will not include deposit insurance.
SBI VC Trade will open JPYSC lending applications on July 16, offering an initial 3% annual rate for a 12-week term without deposit insurance.