ChainCatcher report, according to Cointelegraph, SBI VC Trade, the digital assets division of SBI Holdings, announced it will launch a USDC lending service in Japan on Thursday, allowing retail users to lend stablecoins to the platform under fixed-term agreements in exchange for yield. SBI stated that the product is designed to replace traditional U.S. dollar deposits in Japan; however, unlike bank deposits, its segregation protections do not cover user assets, and funds may not be fully recoverable in the event of bankruptcy. Additionally, users cannot withdraw or transfer funds during the fixed loan term, limiting their ability to respond to market changes.
Japan's SBI VC Trade to Launch Retail USDC Lending Service as an Alternative to Traditional USD Deposits
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Summary
SBI VC Trade, the digital asset news platform under SBI Holdings, has announced a new USDC lending service for retail users in Japan. The product allows investors to lend stablecoins under fixed-term agreements to earn returns. Unlike traditional USD deposits, it provides no asset protection in the event of insolvency and restricts withdrawals during the loan term. The launch of this service marks a shift in how investors can generate income from digital assets.
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