SBI VC Trade said users could lend assets directly to its platform, but added that the company may re-lend funds as part of its operations.
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.
