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According to Nikkei, the SBI Group plans to launch a yen stablecoin lending service within this month. The service will have SBI VC Trade, a subsidiary of SBI Group, borrow JPYSC held by users and repay them using the yield generated. The service’s first batch uses a three-month fixed-term model, with an annualized lease rate of 3%, making it Japan’s first such service based on a yen stablecoin. SBI issued the yen stablecoin JPYSC for the first time in Japan in June using a trust-type model.