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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Summary
- Japan’s Financial Services Agency has approved Ripple’s dollar-pegged stablecoin RLUSD as an electronic payment instrument under the country’s strict Payment Services Act.
- RLUSD will be offered to both institutional and retail customers in Japan through SBI VC Trade’s VCTRADE platform, expanding Ripple’s long-running partnership with SBI.
- Despite Japan’s approval, RLUSD remains far smaller than dominant stablecoins USDT and USDC, and must translate its regulatory credentials into trading volume and liquidity to compete.
