SBI's digital asset division launches retail USDC lending service.

CoinFeed reported on March 19th, citing Cointelegraph, that SBI Holdings' digital asset division, SBI VC Trade, announced the launch of a USDC lending service for retail users in Japan. Users can lend their USDC stablecoin to the platform with a fixed-term agreement in exchange for interest, with a maximum loan amount of 5,000 USDC per transaction. This product is 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.