Ripple Launches RLUSD in Japan With SBI Group

Ripple launched the about $1.59 billion RLUSD stablecoin in Japan with SBI Group after Financial Services Agency approval. Customers can access RLUSD through SBI VC Trade’s VCTRADE platform. Japan’s new stablecoin framework took effect on June 1 and allows qualifying foreign stablecoins to operate as regulated payment tools. Jack McDonald said RLUSD will support payments, tokenization, and collateral management.
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