SBI VC Trade to offer retail USDC lending in Japan with fixed-term yield and counterparty risk
SBI VC Trade, the digital asset arm of SBI Holdings, will start a USDC lending service in Japan on Thursday, allowing individual users to lend Circle's stablecoin to the platform under fixed-term contracts. Participants can apply to lend up to 5,000 USDC per offering, earning interest while bearing direct counterparty risk as SBI may re-lend the assets and user funds lack bank-style segregation protections.