Japan's SBI Group to launch JPYSC stablecoin lending service as early as this month: report

SBI Group, the Japanese financial conglomerate, reportedly plans to launch a lending service for its JPYSC stablecoins offering a 3% annual yield, potentially as early as this month. Nikkei reported Monday that the company could roll out the product via SBI VC Trade, its crypto trading platform, as a three-month fixed-term offering. The move follows SBI’s launch of JPYSC less than a month earlier, described as Japan’s first yen stablecoin backed by a trust bank. SBI said at the time it expects JPYSC to draw retail and corporate users through lower transaction costs and support for block trades. The group’s plan fits a broader onchain expansion strategy, highlighted by recent investments including SBI becoming the sole investor in Gauntlet’s $125 million Series C, and SBI’s role in EDX Markets’ $76 million Series C. Meanwhile, stablecoin adoption is growing in Japan, with Lawson testing JPYC payments and megabanks targeting live stablecoin transactions in fiscal year 2026.