SBI to Offer 3% Yield on JPYSC Stablecoin Deposits

SBI Group plans to launch a lending service that offers a 3% annual yield on JPYSC stablecoins, with a three-month fixed-term deposit to be offered on its crypto trading platform, SBI VC Trade, as soon as this month.

The product will require users to lock JPYSC for three months in exchange for an annualized 3% return. SBI VC Trade is expected to handle subscriptions and redemptions; the company has not disclosed minimum deposit amounts, custody arrangements or detailed redemption terms.

JPYSC was introduced less than a month ago as a yen stablecoin backed by a trust bank. SBI has positioned JPYSC as a lower-cost settlement option that supports block trades and is aimed at both retail and corporate users.

The lending product is part of SBI’s effort to expand onchain financial services around its stablecoin. An SBI spokesperson commented: “In the onchain space, our goal is to provide a comprehensive range of functions — from exchanges to asset tokenization to market platforms. Our recent acquisitions, investments, and partnerships are all part of this group-wide strategy.”

This year, SBI acquired Japanese crypto exchange Bitbank in June for nearly $289 million, was the sole investor in a $125 million funding round for an onchain risk-management firm, and led a $76 million investment in an institutional crypto platform.

Other activity in Japan’s stablecoin sector includes a trial of the JPYC yen-backed stablecoin at a convenience store location and plans by the country’s three largest banks to run live commercial transactions with a jointly issued stablecoin in fiscal 2026.

SBI has not provided a public launch timetable beyond the possible window this month.