SBI VC Trade’s JPYSC lending and borrowing balance surpasses ¥10 billion, with total transaction volume exceeding ¥30 billion.

SBI VC Trade announced on November 2 that lending balances for its Japanese yen stablecoin JPYSC surpassed ¥10 billion, pushing total balances under management above ¥30 billion. JPYSC, issued by SBI Shinsei Trust Bank, is Japan's first trust-type yen stablecoin, classified as an electronic payment instrument under the Payment Services Act rather than a crypto asset. The lending service, added in July after the token launched in June 2026, offers three fixed-term plans: 3% APY for 168 days, 2.5% for 84 days, and 2% for 28 days, with applications accepted weekly on Thursdays. The ¥30 billion figure combines on-chain and lending balances across VCTRADE services only, excluding BITPOINT. The milestone signals growing institutional adoption of regulated yen stablecoins in Japan's trust-based framework. Watch for whether SBI adjusts the lending rates or pauses new subscriptions as demand evolves, and note that balances are not covered by deposit insurance.