SBI VC Trade Launches USDC Lending Service in Japan
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
SBI VC Trade introduces USDC lending service in Japan, allowing retail users to earn interest by lending up to five thousand USDC per term. This marks a significant step for stablecoin products available to everyday investors on a licensed exchange. The service, however, carries counterparty risk and lacks asset segregation, making recovery challenging in case of company issues. This product offers an alternative to traditional US dollar deposits in Japan, especially with favorable tax treatments. SBIs stablecoin strategy continues to expand with a joint venture and a new partnership for a yen-backed stablecoin.
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