Ripple and SBI launch RLUSD stablecoin in Japan
Summary
Ripple and SBI have launched RLUSD in Japan after the Japan Financial Services Agency approved it as the country's first Type 4 electronic payment instrument. SBI VC Trade now offers the stablecoin to both institutional and retail users, although availability comes with Ethereum-only support and a one-million-yen transaction cap. The launch also comes alongside SBI's own yen stablecoin, which targets institutional use without a cap. RLUSD enters a competitive market where regulatory compliance, reserve transparency, and real adoption will determine whether it gains meaningful traction.
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
SaaS
FinTech Software
Blockchain Infrastructure
Linked Companies
Ripple
$50M to $100M