By extending its collaboration with long-term local partner SBI Group, Ripple has received approval from the Japanese Financial Services Agency (JFSA) to launch its stablecoin available in the country.<\/p>\n
The company\u2019s Senior Vice President of Stablecoins praised the Japanese regulatory environment and called it a leader in cryptocurrency adoption.<\/p>\n
The green light became possible from SBI Holdings, through its Electronic Payment Instruments Exchange Service Provider-licensed subsidiary SBI VC Trade Co., LTD, announced the launch of RLUSD in the Japanese market.<\/p>\n
The partners initially signed<\/a> a memorandum of understanding (MoU) in August this year. They explained this official launch marks the stablecoin\u2019s major entry into one of the most \u201csophisticated and forward-looking digital assets markets.\u201d<\/p>\n The license from the JFSA reads that RLUSD is described as a new type of electronic payment instrument under the country\u2019s Payment Services Act. It\u2019s designed for foreign-issued stablecoins that ensure the safety and regulatory standards required under local law. The statement added that both institutional and retail users will have access to Ripple\u2019s stablecoin through SBI VC Trade\u2019s VCTRADE platform.<\/p>\n \u201cJapan has long been a leader in digital asset adoption, underpinned by both regulatory clarity and financial innovation. This launch marks an important step in expanding access to transparent, regulated USD-backed stablecoins like RLUSD for financial institutions, consumers, and businesses in Japan,\u201d commented Jack McDonald, Ripple\u2019s Senior VP of Stablecoins.<\/p>\n Meanwhile, SBI VC Trade CEO, Tomohiko Kondo, praised the long-standing partnership between his entity and Ripple, and highlighted RLUSD\u2019s launch in Japan as the latest major milestone reached by both parties.<\/p>\n We\u2019re proud to announce that Ripple USD ($RLUSD) is now officially available in Japan, following approval from the Japan Financial Services Agency (JFSA): https:\/\/t.co\/5rJZBrFaIM<\/a><\/p>\n Through our partnership with SBI Group and @sbivc_official<\/a>, $RLUSD<\/a> will be accessible to both\u2026<\/p>\n \u2014 Ripple (@Ripple) June 25, 2026<\/a><\/p>\n\n Despite its then-legal issues in the US, Ripple managed to launch its own stablecoin at the end of 2024. It\u2019s primarily focused on institutions, but it has experienced substantial adoption growth across several fronts in the past two years, including<\/a> from Mastercard.<\/p>\n The company has collaborated<\/a> with numerous exchanges to enhance its usability and liquidity. Data from CoinGecko shows that RLUSD\u2019s market cap has grown to $1.6 billion, slightly off the $1.7 billion claimed by Ripple. Nevertheless, it\u2019s still among the 50 largest cryptocurrencies by market cap, and it\u2019s the 10th-biggest in its stablecoin niche.<\/p>\n The post Major Ripple (XRP) Adoption News for Users in Japan: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" By extending its collaboration with long-term local partner SBI Group, Ripple has received approval from the Japanese Financial Services Agency (JFSA) to launch its stablecoin available in the country. The company\u2019s Senior Vice President of Stablecoins praised the Japanese regulatory environment and called it a leader in cryptocurrency adoption. RLUSD in Japan The green light […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-186849","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186849"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=186849"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186849\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=186849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=186849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=186849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}RLUSD Keeps Growing<\/h2>\n