Japan’s SBI VC Trade Expands Stablecoin Services With 3 Percent Lending Yield

SBI VC Trade launches lending service for its yen-backed stablecoin JPYSC.

The service offers an initial annualised yield of 3 percent for a 12-week lending period.

The stablecoin JPYSC is regulated, expanding its utility from payments to yield generation.

SBI states the returns exceed traditional savings accounts but warns it is not a bank deposit.

The product carries investment risks according to the company.