Ripple's RLUSD Stablecoin Goes Live in Japan After Regulatory Approval
The approved dollar stablecoin is now available through SBI VC Trade for institutions and retail users, with a 1 million yen cap per user.
- On Wednesday, the Japan Financial Services Agency approved Ripple's RLUSD as a 'Type 4' electronic payment instrument, making it available to institutions and retail users through SBI VC Trade.
- This rollout delivers on a memorandum of understanding signed in August 2025, building on a Ripple-SBI partnership dating to 2016 focused on cross-border payments and blockchain infrastructure in Asia.
- While RLUSD holds a $1.7 billion market value, it remains a fraction of Tether's $186 billion and Circle's $74 billion; the token benefits as the yen recently slid to around 161 per dollar.
- Japanese institutions typically value bank-issued currency over crypto-native tokens, presenting adoption challenges; Jack McDonald, Ripple's senior vice president of stablecoins, stated the token will "serve as a bridge for payments, tokenization and collateral management."
- Major local banks are building a shared yen stablecoin targeted for 2027, while USDC has operated in Japan since March 2025, meaning volume and liquidity remain primary challenges for RLUSD's growth.
31 Articles
31 Articles
Ripple's RLUSD stablecoin goes live in Japan after regulatory approval
Japan's financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.
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crypto.newsRipple and SBI Launch RLUSD in Japan After JFSA Approval
The post Ripple and SBI Launch RLUSD in Japan After JFSA Approval appeared first on 24/7 Wall St..Japan keeps a short list of foreign dollar stablecoins allowed to operate inside its borders. Its regulators are demanding, and only a couple have ever made the cut, but Ripple’s RLUSD has become the newest name on that list. The approval came from the Japan Financial Services Agency (JFSA)—the country’s top financial regulator—and RLUSD is being di…
Stablecoin News: Ripple’s RLUSD Goes Live in Japan
Key Insights: Ripple’s RLUSD is now available in Japan after approval from the Japan Financial Services Agency. SBI VC Trade will offer RLUSD to both institutional and retail users on its VCTRADE platform. RLUSD has a market value of about $1.6B to $1.7B, far below USDT and USDC. Ripple has launched its RLUSD stablecoin in Japan after receiving regulatory approval from the Japan Financial Services Agency. The U.S. dollar-backed token will trade…
Ripple Launches RLUSD in Japan Through SBI Partnership
Ripple and SBI VC Trade officially launched RLUSD in Japan after the JFSA green light. RLUSD has reached a market cap of $1.7 billion since its late 2024 launch. Gumi plans to convert $86M in crypto holdings entirely into XRP treasury assets. Ripple has officially launched its US dollar-backed stablecoin RLUSD in Japan following regulatory approval from the Japan Financial Services Agency (JFSA), partnering with SBI VC Trade to offer the stablec…
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