SBI launches 3% yen‑stablecoin lending service in Japan

Japanese financial group SBI introduced JPYSC, the country’s first trust‑type yen‑pegged stablecoin, and opened a lending product that offers a fixed 3% annual yield for a 12‑week term. Applications begin on 16 July, with SBI VC Trade acting as the platform. The service is positioned as a higher‑return alternative to traditional yen time deposits, though it is not covered by Japan’s deposit‑insurance scheme.

The launch is part of SBI’s broader push into crypto‑based financial services. Recent moves include a partnership with DigiFT to issue the JX token, giving accredited investors on‑chain access to a Japanese high‑dividend equity strategy, and a collaboration with Doppler Finance to build institutional‑grade XRP borrowing and lending infrastructure. SBI also announced pilot stablecoin payments at Lawson convenience stores, completed a $289 million acquisition of Bitbank, and invested in several crypto‑infrastructure firms, signaling an ambition to make Japan a hub for on‑chain finance.

These initiatives together aim to expand the utility of digital assets beyond speculation, linking traditional finance with blockchain‑enabled products and services across the Japanese market.