SBI VC Trade is set to open lending applications for its yen-pegged stablecoin, JPYSC, starting July 16. The platform will offer an annual interest rate of 3% for a fixed 12-week term, according to CoinTelegraph.
The lending product does not include deposit insurance, highlighting the need for investors to consider associated risks carefully. This move marks a growing trend among Japanese crypto platforms to integrate traditional financial incentives with digital assets.
Given Japan’s cautious regulatory environment and strong yen demand, SBI VC Trade’s yen-based stablecoin lending could attract local investors seeking yield alternatives amid low interest rates on traditional savings.