SBI VC Trade has become the first licensed exchange in Japan to launch a USDC lending service, offering an introductory 10% annual yield.
The initiative features a commemorative 12-week maturity program with a 10% annual yield, while standard rates are expected to remain around 5%. Leveraging its status as the only domestic entity licensed for Electronic Payment Instruments, SBI VC Trade aims to provide a high-yield alternative to traditional foreign currency deposits.
🧭 FAQs• What is the initial promotional yield for the new USDC lending program? The service offers a 10% annual yield for the first 12-week maturity period.
• How is the income from USDC lending treated under Japanese tax law? Earnings are classified as miscellaneous income and subject to comprehensive taxation rather than separate withholding.
• What is the maximum application limit per user for a single session? Each account is restricted to a maximum application of 5,000 USDC per recruitment round.
• Who is the licensed operator launching this first-of-its-kind service in Japan? SBI VC Trade is the registered exchange providing the USDC lending platform to local customers.
