1 month ago
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Key Takeaways
- Ripple’s RLUSD stablecoin is now legally available in Japan via SBI VC Trade.
- It’s the first foreign stablecoin cleared under Japan’s new regulatory category.
- Distribution runs through the licensed VCTRADE platform to retail and institutions.
- RLUSD has reached roughly $1.7 billion in market cap since its 2024 launch.
- The launch builds on a Ripple-SBI relationship dating to 2016.
It marks the first time a foreign-issued stablecoin has entered Japan under a regulatory category built specifically for this kind of asset.
Why Japan Is a Hard Market to Enter
Japan does not let foreign stablecoins in easily, which is what makes this notable. RLUSD cleared the JFSA under a new Electronic Payment Instrument (EPI) classification within Japan’s Payment Services Act (PSA), created...
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