Japan's SBI Launches Retail USDC Lending Services Under Digital Asset Division

USDC0,04%

Gate News Report, March 19 — SBI Holdings’ digital asset division SBI VC Trade announced the launch of USDC lending services for retail users in Japan. Users can lend USDC stablecoins to the platform under fixed-term agreements to earn interest, with a maximum of 5,000 USDC per application. This product is a loan to SBI VC Trade rather than a deposit, and users assume direct counterparty risk. SBI stated that it may re-lend the borrowed USDC as part of its operations.

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