SBI Crypto Launches USDC Lending, Tether Blocks Crime-Linked Stablecoins
SBI Crypto, the digital asset arm of Japan's SBI Group, has launched a lending service for USD Coin (USDC) stablecoins, targeting retail savers in Japan. This move signals an expansion of institutional offerings in the stablecoin market.
In parallel, Tether has announced the freezing of approximately $4.2 billion in USDT stablecoins linked to illicit activities. This action underscores the growing efforts by major stablecoin issuers to enhance compliance and combat the use of their assets in criminal endeavors. The dual developments highlight the increasing integration of stablecoins into mainstream finance while also addressing regulatory and security concerns.
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