👍👍Good News for That Meme Coin Investors from Japan's Finance Giant! 👍👍

SBI VC Trade, the cryptocurrency exchange of Japanese financial giant SBI Holdings, launched a new credit campaign for the Shiba Inu meme coin.

The annual interest rate for SHIB was announced as 1.5%. The application period will continue until August 1st and the loan period will last until August 29th. This rate is quite high compared to cryptocurrencies such as Chainlink (LINK) and Litecoin (LTC). The annual interest rate for these coins is 0.5%, while the rate for lending XRP associated with Ripple is only 0.1%.

This loan service, called VC Trade Lending, was first launched in November 2020. While only Bitcoin was supported at the first stage, Ethereum (ETH) and other altcoins were later included in the list. The Shiba Inu gained huge popularity during the 2021 bull market, establishing a strong community in Japan. After BitPoint became the first Japanese digital asset exchange to list SHIB, many major platforms also started supporting this token. SBI VC Trade added SHIB to its portfolio in June 2023.

As we previously reported, Tokyo-based Coincheck platform also announced that it started supporting SHIB last December. Currently, SHIB's market cap is around $11 billion, making it the 13th largest digital asset.

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