Japan’s SBI Group plans to roll out a lending service for its JPYSC stablecoin later this month, offering a 3% annual yield. JPYSC is the firm’s yen-backed stablecoin, and the new product adds to SBI’s push into digital assets. The company is described as one of Japan’s largest online financial groups, with $214 billion in assets under management. According to the source cited in the brief, the launch points to deeper involvement by traditional financial institutions in crypto finance. The report was referenced by Cointelegraph and carried by Techub as a short market item.
SBI Group plans to launch a lending service for JPYSC later this month, with a 3% annual yield.
JPYSC is the yen stablecoin issued by the Japanese financial group. SBI Group is one of Japan’s largest online financial groups and manages $214 billion in assets, while continuing to expand its digital asset business in recent years.
According to Cointelegraph, the rollout of the lending service shows traditional financial institutions moving deeper into the crypto finance sector.
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