Market News

Japan Embraces Crypto Finance with Launch of USDC Lending Service

SBI VC Trade has officially launched Japan’s first licensed USDC lending service, marking a significant milestone in the country’s cryptocurrency landscape.

Starting March 19th, 2026, customers will be able to lend USDC, a stablecoin pegged to the U.S. dollar, and receive fees in return.

The introduction features an attractive 10% annual yield during an initial 12-week program, with ongoing rates projected at around 5%.

This initiative positions SBI VC Trade as a leader, being the only domestically licensed operator for Electronic Payment Instruments.

In a bid to meet growing demand from both institutions and retail investors, the firm aims to enhance its stablecoin offerings.

Individual applications are capped at 5,000 USDC per session to adhere to local regulatory and tax frameworks.

Under Japanese tax law, earnings from USDC lending are categorized as miscellaneous income, subject to comprehensive taxation.

The move aligns with SBI Group’s "Customer-Centric" mission, further illustrating their commitment to blockchain-based financial solutions.

As the world of cryptocurrency continues to evolve, Japan steps forward with innovative offerings that cater to both seasoned investors and newcomers alike.

SBI VC Trade’s entry into USDC lending underscores the ongoing integration of cryptocurrency into traditional financial systems.