- SBI introduces Japan’s first trust-type yen stablecoin lending service with fixed returns.
- JPYSC Lending offers a 3% annual yield over a 12-week lending period.
- Japan’s financial sector accelerates stablecoin adoption through institutional initiatives.
SBI Group will launch Japan’s first trust-type yen stablecoin lending service, allowing users to earn returns on JPYSC holdings through SBI VC Trade.
The Japanese financial group SBI Holdings is expanding its digital asset services with a new lending product for its yen-denominated stablecoin JPYSC. The service will begin accepting applications on July 16, 2026, and will initially provide a 3% annual interest rate for a 12-week lending period.
SBI Introduces Yield Feature for Yen-Based JPYSC Stablecoin
SBI VC Trade, a subsidiary of SBI Holdings, will operate the JPYSC Lending service through its cryptocurrency platform. Users can lend their JPYSC holdings to the company and receive rental fees based on the lending period.
The initial annual rate is set at 3%, which is above typical Japanese yen time deposit rates. However, SBI clarified that JPYSC Lending is not a bank deposit and does not receive coverage under Japan’s deposit insurance system.
The company expects standard lending rates to remain between 1% and 3% annually depending on market conditions.
Additionally, customers generally cannot terminate lending agreements early during the fixed 12-week period.
JPYSC is a trust-type yen-denominated stablecoin issued under Japan’s electronic payment instrument framework. Unlike cryptocurrencies with market volatility, the stablecoin is designed to maintain a value linked to the Japanese yen.
SBI stated that the service aims to increase stablecoin utility beyond payments by supporting asset-building opportunities. The company believes the product could contribute to the development of on-chain financial services in Japan.
The launch follows SBI VC Trade’s expansion of stablecoin offerings, including support for US dollar-based stablecoins such as USDC and RLUSD. SBI previously introduced USDC lending services as part of its broader digital asset strategy.
Japan’s Stablecoin Sector Gains Momentum Through Institutional Adoption
SBI’s JPYSC Lending service arrives as Japanese financial institutions increase their involvement in regulated stablecoin infrastructure. Several major companies are exploring blockchain-based payments, settlements, and tokenized financial products.
Japan’s financial sector has recently accelerated stablecoin adoption through various initiatives.
Convenience store operator Lawson has reportedly tested stablecoin payments using JPYC, a legally approved yen-backed stablecoin.
Meanwhile, Japan’s largest banking groups, including Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, plan to begin commercial stablecoin transactions during fiscal year 2026.
SBI has also expanded its digital asset footprint through investments and acquisitions. The company recently invested in blockchain infrastructure firms and acquired Japanese crypto exchange Bitbank.
Through JPYSC Lending, SBI aims to connect traditional finance with blockchain-based services while offering users another option for managing yen-denominated digital assets. Overall, the company expects stablecoin adoption to grow as regulated financial products continue developing in Japan.
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