Japanese financial conglomerate SBI Group will launch a lending service for its stablecoin JPYSC, offering users an annual yield of 3%.
The service will be available this month through the SBI VC Trade crypto platform. The company will offer a product with a fixed term of three months.
Returns are made in JPYSC: users receive back the issued amount plus accrued interest. Applications are approved sequentially based on the company’s internal criteria. Early termination is not typically allowed.
SBI VC Trade emphasized that JPYSC lending is not a yen deposit and is not covered by the deposit insurance system. The company compared the initial rate to regular yen term deposits, claiming that 3% is higher than the typical bank rate.
SBI introduced JPYSC — Japan’s first yen-pegged stablecoin backed by a trust bank — less than a month ago. The group expects the asset to attract retail and institutional clients due to low fees.
As of now, JPYSC is only available within an SBI VC Trade account. Token deposits and withdrawals are not yet operational, with plans to move to a public blockchain later, pending regulatory and tax approvals. In the SBI VC Trade interface, 1 JPYSC is fixed as 1 yen, with no spread applied to the instrument.
SBI VC Trade warns that JPYSC used in lending is not subject to the segregated storage regime under the Payment Services Act. If the company goes bankrupt, clients may not recover the full amount or any part of it. During the loan period, users cannot sell, transfer, or pledge JPYSC.
The company reserves the right to temporarily halt new enrollments depending on market conditions. If application volumes exceed the limit for a specific placement, some clients will be placed on a waiting list.
SBI and Startale began developing JPYSC in December 2025.
