Ripple Launches USD Stablecoin $RLUSD in Japan Following JFSA Approval
Ripple and SBI Group have launched Ripple USD ($RLUSD) in Japan following approval from the Japan Financial Services Agency (JFSA). The USD-backed stablecoin, which currently holds a $1.7 billion market capitalization, is accessible to both institutional and retail clients through the SBI VC Trade platform, designed to support cross-border payments, asset tokenization, and collateral management.
The launch marks Ripple's formal entry into Japan's regulated cryptocurrency market. It occurs alongside the debut of $JPYSC, a yen-linked stablecoin launched earlier this week by SBI, establishing a dual-currency settlement infrastructure for Japanese users. The expansion leverages a decade-long partnership between Ripple and the Japanese financial conglomerate to capture growing institutional demand for compliant digital assets in Asia.
From the sources (10 posts)
@cointelegraph🇯🇵 JUST IN: $214B SBI Group will issue a regulated yen-linked stablecoin as early as this week, per Nikkei.
@coingeckoNEWS: SBI Group to launch $JPYSC, Japan’s first trust-backed yen stablecoin, as early as this week, per Nikkei.
@coindeskJUST IN: SBI Holdings launches $JPYSC, Japan's first trust bank-backed yen stablecoin.
@cointelegraph🇯🇵 TODAY: $214B SBI Group has launched JPYSC, Japan’s first trust bank-backed yen stablecoin.
@theblockcoTHE BLOCK: SBI Group and Startale launched JPYSC, Japan's first trust bank-backed yen stablecoin.
@wublockchainSBI Group Launches Japan’s First Trust Bank-Backed Yen Stablecoin JPYSC SBI Group has officially launched JPYSC, a trust-type yen stablecoin, in partnership with Startale Group and completed its first issuance. SBI said JPYSC is Japan’s fi
@coinmarketcapLATEST: 🇯🇵 SBI Group has launched JPYSC, which it says is Japan’s first yen stablecoin backed by a trust bank.
@coindeskNEW: Japan now has a two-tier stablecoin system. @sbivc_official lists $RLUSD for retail dollar settlements (capped at 1M yen per transaction) while SBI Holdings' $JPYSC handles unlimited yen-denominated corporate settlements, both launch
@cointelegraph🇯🇵 JUST IN: Ripple and SBI Group officially launch $RLUSD in Japan following JFSA approval, making the stablecoin available to both institutional and retail users.
@rippleWe're proud to announce that Ripple USD ($RLUSD) is now officially available in Japan, following approval from the Japan Financial Services Agency (JFSA): Through our partnership with SBI Group and @sbivc_official,