SBI Holdings Subsidiary Officially Launches USDC Lending Service in Japan

BlockBeats News, March 18th, SBI Holdings' digital asset subsidiary SBI VC Trade announced that it will officially launch its USDC lending service in Japan this Thursday, allowing retail investors to lend out their stablecoins to the platform through fixed-term agreements to earn interest, with a maximum application amount of 5,000 USDC per period. This product is structured as a loan from users to SBI VC Trade rather than a deposit, and users must bear the counterparty risk directly.

SBI VC Trade stated that the platform may further lend out the borrowed USDC. Additionally, users will not be able to withdraw or transfer the funds during the fixed lending period. Unlike bank deposits, this product is not protected by asset segregation, so in the event of platform bankruptcy, there is a risk that user assets may not be fully recovered.