Ripple and SBI Holdings Launch RLUSD Stablecoin in Japan Following FSA Approval

Ripple and SBI Holdings have officially launched the RLUSD stablecoin in Japan following regulatory approval from the Financial Services Agency (FSA), according to official company statements. The stablecoin is now available to both institutional and retail clients through the VCTRADE platform operated by SBI VC Trade. Classified as a new category of electronic payment instrument under Japan's Payment Services Act, RLUSD is engineered to meet rigorous domestic security and compliance standards for foreign-issued digital assets. Jack McDonald, Senior Vice President of Ripple's Stablecoin Division, emphasized that this launch represents a pivotal milestone in providing Japanese financial institutions and corporations with access to regulated USD-pegged assets, facilitating cross-border payments, asset tokenization, and collateral management within a compliant framework.