According to The Nikkei, the SBI Group plans to launch a yen stablecoin lending service within this month. Under the plan, SBI VC Trade, a subsidiary of the group, borrows JPYSC held by users and returns the generated yield from its use. The service’s first tranche adopts a 3-month fixed-term model, with an annualized lease fee rate set at 3%, making it Japan’s first such service based on a yen stablecoin. In June, SBI issued the yen stablecoin JPYSC for the first time in Japan via a trust-type model.

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