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SBI VC Trade Launches Japan’s First USDC Lending Service

SBI VC Trade Launches Japan’s First USDC Lending Service

According to SBI VC Trade’s official announcement, the retail USDC lending service in Japan uses fixed-term loan agreements with a 5,000 USDC application cap and allows the platform to re-lend borrowed USDC.

USDC

Fact Check
The claim is fully corroborated by primary and secondary news sources (CoinPost, Cointelegraph) which cite SBI VC Trade's official announcement. All specific details—including the 'first in Japan' status, the 5,000 USDC cap, the fixed-term structure, and the re-lending clause—are explicitly mentioned in these reports.
    Reference: 12
Summary

SBI VC Trade announced Japan’s first retail USDC lending service with a maximum application amount of 5,000 USDC per term. According to the company’s official announcement, users lend USDC to SBI VC Trade under fixed-term agreements in exchange for interest. The company states the product is a loan rather than a deposit, meaning users bear counterparty risk, cannot withdraw funds during the term, and may face bankruptcy-related risk. SBI also said borrowed USDC may be re-lent. Earlier information on the topic stated that the service launched with an initial annual rate of 10%.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin intended to maintain a 1:1 value with the dollar.
  • Stablecoin: A cryptocurrency designed to track the value of a reference asset, often a fiat currency such as the U.S. dollar.