The Japanese financial conglomerate SBI Group is launching a lending service for its stablecoin JPYSC, allowing users to earn a 3% annual yield.
This service will be available this month through the SBI VC Trade crypto platform, offering a fixed-term product for three months.
Repayment will be made in JPYSC: users will receive the amount lent plus the accrued interest. Applications will be approved sequentially based on the company's internal criteria, and early termination is not typically allowed.
SBI VC Trade emphasized that JPYSC lending is not a yen deposit and does not fall under the deposit insurance system. The company compared the initial rate to standard yen time deposits, claiming that 3% is above 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 its low fees.
As of this writing, JPYSC is only available within the SBI VC Trade account. Token deposits and withdrawals are not yet operational, and transitioning to public blockchain trading is planned for later, pending resolution of legal and tax issues and regulatory approval. In the SBI VC Trade interface, 1 JPYSC is pegged to 1 yen, and no spread is set for the instrument.
SBI VC Trade warns that JPYSC lent out does not qualify for segregated storage under the Payment Services Act. If the company goes bankrupt, clients may not recover the full amount or part of it. During the loan period, users will not be able to sell, transfer, or pledge their JPYSC.
The company reserves the right to temporarily halt new lending depending on market conditions. If the volume of applications exceeds the limit for a specific offering, some clients may be placed on a waiting list.
It is worth noting that SBI and Startale began developing JPYSC in December 2025.