"SBI Group trials new lending product "Jul 13, 2026
Monday, 13 July 2026 · 2 min read · Listen to the episode ↗
SBI VC Trade opens applications on July 16th for a 12-week lending product denominated in JPYSC, Japan's first trust-bank-backed yen stablecoin, offering depositors a 3% annual yield with the stablecoin pegged one-to-one to the yen and backed by 100% reserves. JPYSC runs across Avalanche, Ethereum, Polygon, and Kaia, and Lawson convenience stores will begin testing JPYSC payments at a Tokyo location in early August alongside KDDI and Hashport, giving the stablecoin an early retail use case within weeks of launch.
SBI VC Trade will open applications on July 16th for a 12-week lending product denominated in JPYSC, offering depositors a 3% annual yield. JPYSC is Japan's first trust-bank-backed yen stablecoin, launched by SBI less than a month before the lending product's debut, and it holds a one-to-one peg to the yen backed by 100% reserves in yen deposits and Japanese government bonds. The stablecoin operates across Avalanche, Ethereum, Polygon, and Kaia, and is designed for both retail and corporate users through lower transaction costs and support for large trades. The lending product sits within SBI's broader push into on-chain finance, which also spans crypto exchanges, asset tokenization, and market infrastructure.
Japan's Lawson convenience store chain, the country's third largest, will begin testing JPYSC payments at a Tokyo location in early August. The proof of concept is being conducted alongside KDDI and crypto wallet provider Hashport, giving the stablecoin an early real-world retail use case within weeks of its launch.
Strategy sold 4.8 million MSTR shares for approximately 467 million dollars but made no Bitcoin purchases or sales during the period, directing around 450 million dollars of the proceeds toward raising its cash reserve to 3 billion dollars. The company's annual financing costs equal roughly 3% of its Bitcoin holdings, and the current cash position covers approximately 17 months of those payments. MSTR shares fell about 3% pre-market and finished the prior week down 7%, while Bitcoin gained roughly 2% over the same period, with the stock trading approximately 79% below its summer 2025 peak.
A long-dormant Bitcoin whale moved nearly 3,000 BTC worth approximately 188 million dollars after more than seven and a half years of inactivity. The originating wallet was last active on October 23rd 2018, when Bitcoin traded around 6,500 dollars, meaning the position had appreciated roughly tenfold before being moved. As of 8 a.m. Eastern on July 13th, Bitcoin was priced at 62,840 dollars and Ethereum at 1,779 dollars.
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