Ripple’s RLUSD Stablecoin Launches in Japan After FSA Approval

Ripple and SBI Holdings said the RLUSD stablecoin has officially launched in Japan after receiving approval from Japan’s Financial Services Agency, and is available to institutional and retail users via SBI VC Trade’s VCTRADE platform. According to ChainCatcher, RLUSD is classified as a new type of electronic payment instrument under Japan’s Payment Services Act and is designed to meet safety and regulatory standards for stablecoins issued by foreign entities. Ripple Senior Vice President of Stablecoins Jack McDonald said the launch is intended to expand access for Japanese financial institutions and companies to a regulated U.S. dollar stablecoin, with RLUSD positioned for use in payments, tokenization, and collateral management.