SBI Holdings and Solana Foundation form JV for stablecoin payments infrastructure

SBI Group, a Japanese financial conglomerate managing roughly $214 billion in assets, plans to launch a lending service for its yen-pegged stablecoin JPYSC in July 2026 at a 3% annual yield. Nikkei reported the plan, and Cointelegraph flagged it on Jul 13, 2026. The 3% rate represents a notable spread over conventional Japanese deposit rates, which remain near zero at most banks.

JPYSC operates under Japan's Payment Services Act, which requires yen-pegged tokens to be backed and issued by licensed entities such as banks, trust companies, or registered money transfer agents. The lending yield is not a guaranteed deposit; returns depend on how SBI deploys the underlying stablecoin and manages counterparty exposure. SBI's entry into onchain lending fits a broader 2026 pattern of established financial institutions putting stablecoins to productive use rather than simply issuing them.