CoinGape·3h ago·positive

Ripple Launches RLUSD Stablecoin in Japan Through SBI Group Partnership

Ripple has launched its RLUSD stablecoin in Japan after receiving regulatory approval from the JFSA, partnering with SBI Group to offer it on SBI VC Trade for both institutional and retail investors.

RLUSD is now available in Japan through SBI VC Trade after approval from Japan's Financial Services Agency
The stablecoin is classified as a new type of electronic payment instrument under Japan's Payment Services Act
RLUSD has a market capitalization of $1.6 billion and is already deployed in multiple markets
Ripple recently expanded RLUSD into South Korea via a Coinone listing
XRP price rebounded 3% to $1.08 amid the announcement

regulationdefiImpact 7/10

Why our editor rated this positive

Regulatory approval for a major stablecoin launch in Japan signals growing institutional acceptance and clear regulatory pathways for crypto assets in a major economy.

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