Japan’s SBI to launch yen stablecoin lending with 3% yield

60-second summary

SBI VC Trade is launching yen stablecoin lending with a 3% annual yield, opening applications on July 16 for a 12-week term. The offering does not include deposit insurance, which may appeal to risk-takers seeking higher returns. This move could increase adoption of stablecoins in Japan's financial market, further diversifying investment options.