Ripple has just announced a partnership with Japanese financial group SBI Holdings to launch the stablecoin Ripple USD (RLUSD) in the Japanese market as early as Q1/2026.
According to the announcement on Friday, Ripple will distribute RLUSD in Japan through SBI VC Trade, the cryptocurrency subsidiary of SBI Holdings.
Mr. Tomohiko Kondo, CEO of SBI VC Trade, said:
SBI Group has led the development of the cryptocurrency and blockchain space in Japan. The introduction of RLUSD not only expands the stablecoin options for the Japanese market but also represents an important step in enhancing the reliability and convenience of stablecoins.
RLUSD, launched in December 2024, is backed 1:1 by USD deposits, short-term US government bonds, and cash-equivalent assets, according to Ripple.
Currently, RLUSD has a market capitalization of 666 million USD, with a 24-hour trading volume of 71 million USD according to data from CoinGecko.
The move to introduce RLUSD in Japan comes amid a strong growth in the stablecoin market. According to data from The Block, the supply of USD-pegged stablecoins has reached 266 billion USD as of Thursday, up from 256 billion USD on August 1.
Earlier, in June 2025, the Dubai Financial Services Authority (DFSA) approved RLUSD as a payment system in the Dubai International Financial Centre (DIFC), significantly expanding the footprint of this stablecoin in the Middle East.
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Ripple partners with SBI to launch the stablecoin RLUSD in Japan
Ripple has just announced a partnership with Japanese financial group SBI Holdings to launch the stablecoin Ripple USD (RLUSD) in the Japanese market as early as Q1/2026.
According to the announcement on Friday, Ripple will distribute RLUSD in Japan through SBI VC Trade, the cryptocurrency subsidiary of SBI Holdings.
Mr. Tomohiko Kondo, CEO of SBI VC Trade, said:
RLUSD, launched in December 2024, is backed 1:1 by USD deposits, short-term US government bonds, and cash-equivalent assets, according to Ripple.
Currently, RLUSD has a market capitalization of 666 million USD, with a 24-hour trading volume of 71 million USD according to data from CoinGecko.
The move to introduce RLUSD in Japan comes amid a strong growth in the stablecoin market. According to data from The Block, the supply of USD-pegged stablecoins has reached 266 billion USD as of Thursday, up from 256 billion USD on August 1.
Earlier, in June 2025, the Dubai Financial Services Authority (DFSA) approved RLUSD as a payment system in the Dubai International Financial Centre (DIFC), significantly expanding the footprint of this stablecoin in the Middle East.
Disclaimer: All content on this website is for informational purposes only and is not investment advice. Readers should conduct their own research before making any investment decisions. We are not responsible, directly or indirectly, for any damages or losses arising from the use of or reliance on any content you read on this website.