Ripple's RLUSD stablecoin launches in Japan following regulatory approval
By
Shaurya Malwa
Summary
Ripple's RLUSD stablecoin has gone live in Japan after receiving regulatory approval from Japanese financial authorities. The U.S. dollar-backed token, cleared as a new category of payment instrument, is being offered by SBI VC Trade to both institutional and retail customers. The launch fulfills a memorandum of understanding signed in August 2025 between Ripple and SBI, building on their partnership dating back to 2016. RLUSD is positioned as a bridge for payments, tokenization, and collateral management, connecting Japanese businesses to global dollar liquidity. The stablecoin remains relatively small at approximately $1.7 billion in market cap and is distinct from Ripple's XRP token.
Source
Key quotes
· 3 pulledRLUSD will 'serve as a bridge for payments, tokenization and collateral management,' connecting Japanese businesses to global dollar liquidity, said Jack McDonald, Ripple's senior vice president of stablecoins, in a statement.
The launch delivers on a memorandum of understanding the two firms signed in August 2025 and builds on a relationship dating to 2016, when Ripple and SBI began working together on cross-border payments and blockchain infrastructure in Asia.
RLUSD is Ripple's bet on the regulated end of the stablecoin market, and it is separate from XRP, the closely-linked token the company
You might also wanna read
Japan's corporate pension fund to allocate 1% of assets to crypto by fiscal 2026
Japan's National Business Corporate Pension Fund, which manages about 21.3 billion yen ($131.8 million) for roughly 1,200 small and midsize
Russia to Legalize Bitcoin and Stablecoin Payments for Foreign Trade Starting July 2026
Russia is set to formally legalize Bitcoin and stablecoin payments for foreign trade starting July 1, 2026, completing a pilot that already
russiaspivottoasia.com·1d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.