Japan’s SBI Group to launch JPYSC stablecoin lending service this month
The Block·
60-second summary
Japan's SBI Group is launching a JPYSC stablecoin lending service this month, offering users a 3% annual yield for deposited stablecoins, according to Nikkei. This move aims to tap into the growing demand for stablecoin lending services, potentially increasing adoption and usage of JPYSC in Japan's financial markets, further integrating stablecoins into traditional banking systems.
The SBI's service would offer users a 3% annual yield for deposited JPYSC stablecoins, according to Nikkei.