Ripple’s RLUSD Stablecoin Officially Launches in Japan

According to The Block, Ripple’s USD-pegged stablecoin RLUSD has received regulatory approval from Japan’s Financial Services Agency (FSA) and has officially launched in Japan, classified as a “new type of electronic payment instrument” under the Payment Services Act. The stablecoin is available to institutional and retail users via SBI VC Trade, the cryptocurrency platform operated by Japanese financial conglomerate SBI Holdings.