Japan’s SBI Group is preparing to launch a stablecoin lending service using JPYSC, a yen-pegged token. According to reporting cited by The Block and Cointelegraph, SBI VC Trade plans to open applications around mid-July, with Cointelegraph specifying July 16. The product is structured as lending of deposited JPYSC stablecoins for a fixed period, with an initial annual yield of about 3%. Cointelegraph states the offering has a 12-week term. The sources also indicate that the service does not include deposit insurance, which is presented as a notable condition for participants. The Block similarly reports that the expected yield is 3% annually for users depositing JPYSC stablecoins. The announcements are part of SBI Group’s broader involvement in digital asset services, and the planned launch brings a yen-denominated stablecoin lending option to the Japanese market. The reporting does not provide additional details on broader terms, risk management, or any future yield adjustments beyond the initial rate.