SBI Reportedly Plans 3% Yield Lending for JPYSC Stablecoin

Overview

• Reports say SBI is preparing a lending product that would pay a fixed 3% annual yield on JPYSC with a three-month lockup, but the company has not formally confirmed the offering.
• JPYSC is a yen-backed stablecoin issued under Japan’s Type III electronic payment instrument rules by SBI Shinsei Trust Bank and is intended for institutional payments, treasury use and tokenised settlement.
• The lending service is expected to be offered through SBI VC Trade, the exchange that acts as JPYSC’s primary distribution platform, and would let holders lock tokens for a defined 12-week term in exchange for the stated yield.
• The reported product follows SBI’s recent push into regulated crypto infrastructure, including the Gauntlet and EDX Markets investments and the acquisition of Bitbank, which together build trading, clearing and distribution capabilities.
• Other yen stablecoin experiments are progressing in Japan, such as Lawson’s JPYC payments trial and plans by MUFG, SMBC and Mizuho for a joint commercial stablecoin, which could increase payment options and regulatory scrutiny for tokenised yen services.