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49m ago

Ripple, SBI Set Japan Distribution for RLUSD Stablecoin Under MOU, Targeting Q1 2026 Launch

The rollout relies on Japan’s licensed stablecoin regime through SBI VC Trade’s status as an Electronic Payment Instruments Exchange Service Provider.

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Ripple partners with TradFi giant SBI to distribute RLUSD stablecoin in Japan
japan sbi ripple stablecoins SBI VC Trade RLUSD

Overview

  • Ripple and SBI Holdings signed a memorandum of understanding that designates SBI VC Trade as RLUSD’s distributor in Japan, with availability planned for the first quarter of 2026 and the MOU signaling intent rather than a completed launch.
  • SBI VC Trade holds Japan’s Electronic Payment Instruments Exchange Service Provider license and has experience handling regulated stablecoins, including prior support for USDC.
  • RLUSD is fully backed by U.S. dollar deposits, short‑term Treasuries and cash equivalents, with monthly attestations from an independent third party.
  • The stablecoin’s market capitalization is about $666 million, according to data cited from CoinGecko and CoinMarketCap.
  • The Japan expansion follows earlier regulatory progress such as Dubai approval, positioning RLUSD as a compliance‑focused option for institutional use cases.