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BSCN· 2026-07-13 17:26
SBI puts a 3% yield on Japan's yen stablecoinSBI will pay 3% a year to users who lend it their $JPYSC, the country's first trust bank-backed yen stablecoin. Applications open July 16, locked for 12 weeks.Against near-zero yen deposit rates, 3% turns heads. The catch: it works out to about 0.69% over the term, carries no deposit insurance, and can't be pulled early.Japan's biggest financial names are racing to make stablecoins pay, and the megabanks are lining up their own. ...