Japanese SBI's digital asset division launches retail USDC lending business

Techub News reported, according to Cointelegraph, SBI VC Trade, the digital asset division of SBI Holdings, announced the launch of a USDC lending service for retail users in Japan. Users can lend USDC stablecoins to the platform under fixed-term agreements in exchange for interest income, with a maximum application limit of 5000 USDC per instance. This product constitutes a loan to SBI VC Trade, not a deposit, and users bear direct counterparty risk. SBI stated that it may re-lend the borrowed USDC as part of its operations.