Ripple's RLUSD stablecoin goes live in Japan after regulatory approval
CoinDesk·
60-second summary
Ripple's RLUSD stablecoin has launched in Japan after receiving regulatory approval from the country's financial regulator, which has cleared it as a new category of payment instrument. SBI VC Trade is now offering RLUSD to institutions and retail, with the stablecoin's market capitalization remaining relatively small at approximately $1.7 billion. This development expands Ripple's stablecoin offerings in the region.
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.