The post SBI VC Trade Launches USDC Lending Service for Japan Users appeared on BitcoinEthereumNews.com. SBI Holdings’ digital asset arm, SBI VC Trade, said it The post SBI VC Trade Launches USDC Lending Service for Japan Users appeared on BitcoinEthereumNews.com. SBI Holdings’ digital asset arm, SBI VC Trade, said it

SBI VC Trade Launches USDC Lending Service for Japan Users

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SBI Holdings’ digital asset arm, SBI VC Trade, said it will launch a USDC lending service in Japan on Thursday, allowing retail users to lend stablecoins to the platform under fixed-term agreements in exchange for returns.

On Wednesday, the company said users will be able to lend Circle’s USDC (USDC) stablecoin to the platform and receive interest payments, with a maximum application of 5,000 USDC per offering. The product is structured as a loan to SBI VC Trade rather than a deposit, meaning users take direct counterparty risk. SBI said it may also re-lend the borrowed USDC as part of its operations.

The launch marks a further step in Japan’s stablecoin rollout, bringing a consumer-accessible USDC yield product to market through a licensed domestic platform.

SBI said the product is intended as an alternative to traditional US dollar deposits in Japan, though, unlike bank deposits, segregation protections do not cover user assets and may not be fully recoverable in the event of insolvency. Users are also unable to withdraw or transfer funds during the fixed lending term, limiting their ability to respond to market conditions.

Translated table comparing tax treatment of USDC lending and foreign currency deposits in Japan. Source: SBI VC Trade

SBI expands stablecoin footprint

The launch follows an initial announcement in November, when SBI VC Trade said it planned to launch a USDC lending product and was exploring exchange-traded fund (ETF) products, according to Reuters. 

The development comes as SBI has been expanding its stablecoin strategy. SBI VC Trade began a full-scale USDC launch in Japan on March 26, 2025, after receiving regulatory approval earlier that month. Circle said the approval made USDC the first approved global dollar stablecoin for use in Japan.

Related: SBI Holdings targets majority stake in Singapore crypto exchange Coinhako

On Aug. 22, SBI announced the establishment of a joint venture with Circle, aiming to promote the use of USDC in Japan and create new use cases for the stablecoin in digital finance. 

On Dec. 16, the company partnered with Startale to develop a regulated yen-denominated stablecoin aimed at tokenized assets and global settlement, with a planned launch in the second quarter of 2026.

Magazine: Metaplanet’s Japan Bitcoin bet, Bithumb ordered suspension: Asia Express

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Source: https://cointelegraph.com/news/japan-s-sbi-vc-trade-launches-retail-usdc-lending-as-stablecoin-use-grows?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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