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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.
SBI Group and Startale Group Jointly Launch Japan's First Trust Structure-Based Yen Stablecoin JPYSC
Odaily, June 24 - According to official sources, SBI Group and Startale Group jointly launched Japan's first yen stablecoin, JPYSC, on June 24, 2026, which is based on a trust structure. Issued by SBI Shinsei Trust Bank, the stablecoin manages its reserve assets through a trust bank, featuring lower transfer costs and support for large-value transactions.As Japan's first stablecoin classified as a Type III electronic payment instrument, JPYSC's core advantage lies in combining the regulatory transparency of the Japanese financial system with the programmability of blockchain technology. It aims to build a yen settlement infrastructure connecting traditional finance with on-chain markets.Initially, the project is limited to use within SBI VC Trade accounts. However, technical preparations for migration to a public blockchain are complete. Once regulatory and tax policies are clarified, external circulation will be opened. JPYSC's application scenarios span six major areas: on-chain foreign exchange markets, institutional lending, RWA settlement, retail payments, cross-border remittances, and over-the-counter (OTC) trading.
SBI plans to consolidate bitbank as a consolidated subsidiary and has initiated discussions on capital and business cooperation.
According to CoinPost, SBI Holdings announced on May 1 that it has officially begun negotiations with bitbank Co., Ltd.—the operator of the cryptocurrency exchange bitbank—regarding a capital and business partnership, with the aim of bringing bitbank under SBI’s consolidated subsidiaries. SBI will proceed with the share acquisition upon completion of due diligence and internal procedures; the specific timing and method of acquisition remain subject to further discussion. Previously, SBI’s subsidiary SBI VC Trade completed the absorption merger of BITPoint Japan in April.
Shinhan Card Signs Agreement with SBI to Test Yen Stablecoin Payments and Cross-Border Settlement
South Korean credit card company Shinhan Card has announced that it has signed an agreement with Japanese electronic payment instrument trading service providers SBI VC Trade and SBI XDC Network APAC to test yen stablecoin payments for tourists and cross-border trade settlement between Japan and South Korea. The agreement was signed on Tuesday, and the testing scope includes stablecoin card payments, wallet-to-wallet payments, and cross-border settlement, as well as evaluating anti-money laundering and fraud detection mechanisms.The initiative aims to support cross-border payments and settlement between South Korea and Japan and improve payment convenience for tourists. In the first eight months of 2026, tourist exchanges between the two countries exceeded 10 million visits, including 7.42 million South Korean visitors to Japan and 2.7 million Japanese visitors to South Korea.Shinhan Card announced in April this year that it had completed a proof of concept for stablecoin payments and cross-border settlement. SBI VC Trade registered in March 2025 as Japan's first electronic payment instrument trading service provider and can handle USDC. (Cointelegraph)
Ripple reveals eight RLUSD developments involving payments, exchanges, and cross-chain infrastructure
Jack McDonald, Senior Vice President of Ripple's stablecoin business, disclosed eight recent developments regarding RLUSD in a post on X on June 29, covering settlement, regional access, on-chain liquidity, cross-border payments, multi-chain support, exchange listings, charity, and the Japanese market. Mastercard has expanded its settlement capabilities to support RLUSD across eight blockchain networks, including the XRP Ledger. Ripple has also expanded RLUSD's availability in Turkey through partnerships with BiLira, Bitexen, and Bitlo, and collaborated with Bitso to enable RLUSD and MXNB to support liquidity and cross-border transactions via the XRP Ledger's Permissioned DEX. RLUSD has also achieved multi-chain support through Wormhole Native Token Transfers and entered the Japanese market via SBI VC Trade after receiving approval from the Japan Financial Services Agency. Additionally, RLUSD has been listed on exchanges such as Gate and Floq, integrated with the cross-chain infrastructure provider Squid Router, and Ripple has joined Water's GetBlue campaign as its exclusive digital asset and payment partner.
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.
SBI Group and Startale Group Jointly Launch Japan's First Trust Structure-Based Yen Stablecoin JPYSC
Odaily, June 24 - According to official sources, SBI Group and Startale Group jointly launched Japan's first yen stablecoin, JPYSC, on June 24, 2026, which is based on a trust structure. Issued by SBI Shinsei Trust Bank, the stablecoin manages its reserve assets through a trust bank, featuring lower transfer costs and support for large-value transactions.As Japan's first stablecoin classified as a Type III electronic payment instrument, JPYSC's core advantage lies in combining the regulatory transparency of the Japanese financial system with the programmability of blockchain technology. It aims to build a yen settlement infrastructure connecting traditional finance with on-chain markets.Initially, the project is limited to use within SBI VC Trade accounts. However, technical preparations for migration to a public blockchain are complete. Once regulatory and tax policies are clarified, external circulation will be opened. JPYSC's application scenarios span six major areas: on-chain foreign exchange markets, institutional lending, RWA settlement, retail payments, cross-border remittances, and over-the-counter (OTC) trading.
Related news
SBI VC Trade 与 bitbank 称受币安流出事件影响有限，客户资产安全
据 CoinPost 报道，日本金融巨头 SBI 控股于 10 月 30 日表示，旗下子公司对币安的风险敞口目前有限，且币安已承诺全额补偿损失，预计此次约 1 万亿日元规模的被盗事件不会影响集团合并业绩。SBI 旗下的日本持牌交易所 SBI VC Trade 与 bitbank 的服务照常运行，客户资产未受影响。
Two subsidiaries of SBI sign memorandum of understanding with South Korea's Shinhan Card to explore stablecoin cross-border payments and settlements
SBI Holdings' joint venture SBI XDC Network APAC and its cryptocurrency trading subsidiary SBI VC Trade have signed a memorandum of understanding (MOU) with major South Korean credit card issuer Shinhan Card to collaborate on building a blockchain-based global payment and settlement ecosystem.
Shinhan Card Signs Agreement with SBI to Test Yen Stablecoin Payments and Cross-Border Settlement
South Korean credit card company Shinhan Card has announced that it has signed an agreement with Japanese electronic payment instrument trading service providers SBI VC Trade and SBI XDC Network APAC to test yen stablecoin payments for tourists and cross-border trade settlement between Japan and South Korea. The agreement was signed on Tuesday, and the testing scope includes stablecoin card payments, wallet-to-wallet payments, and cross-border settlement, as well as evaluating anti-money laundering and fraud detection mechanisms.The initiative aims to support cross-border payments and settlement between South Korea and Japan and improve payment convenience for tourists. In the first eight months of 2026, tourist exchanges between the two countries exceeded 10 million visits, including 7.42 million South Korean visitors to Japan and 2.7 million Japanese visitors to South Korea.Shinhan Card announced in April this year that it had completed a proof of concept for stablecoin payments and cross-border settlement. SBI VC Trade registered in March 2025 as Japan's first electronic payment instrument trading service provider and can handle USDC. (Cointelegraph)
SBI VC Trade and South Korea's Shinhan Card Reach Collaborative Intent to Explore Offline Yen Stablecoin Payments
As reported by CoinPost, SBI VC Trade, a cryptocurrency exchange under the SBI Group, and SBI XDC Network APAC, a joint venture with SBI Holdings, signed a memorandum of understanding with Shinhan Card, one of South Korea’s largest credit card companies, on October 21, to jointly build a blockchain-based global payment ecosystem. The three parties will explore the integration of digital assets, such as Japanese yen stablecoins, with in-store payment services, and assess the commercial viability of new digital payment services and business models through pilot programs. Meanwhile, SBI XDC Network APAC and Shinhan Card will collaborate to advance the development of the XDC Network infrastructure and ecosystem for trade finance and enterprise use cases.
Startale Japan Launches Japan's First Digital Corporate Bond Paying Principal and Interest in JPY Stablecoin
Odaily News: Startale Japan Co. Ltd. has announced the launch of a digital corporate bond, with both interest and principal paid in the Japanese yen stablecoin JPYSC. The bond is offered to individual and corporate investors in Japan and will not be issued to overseas investors.JPYSC is issued by SBI Shinsei Trust Bank with trust assets managed by the bank, pegged 1:1 to the Japanese yen, and classified as a Type III electronic payment instrument under Japan's Payment Services Act. SBI VC Trade serves as the issuing trustee and is responsible for issuance and distribution, while Startale Group provides the underlying technology.Startale Group CEO Sota Watanabe stated that the bond will test JPYSC's application in actual interest and principal payments. The announcement did not disclose the bond's issuance size, coupon rate, maturity date, or individual investment limits. (Bitcoin.com News)
9 Japanese institutions complete Phase 2 validation of Project Trinity, achieving T+2 feasibility for cross-chain DvP synchronized settlement
Odaily News: Nine Japanese institutions, including Sumitomo Mitsui Banking Corporation, Daiwa Securities, SBI Securities, Progmat, and Datachain, have announced the completion of Phase 2 validation of "Project Trinity." The project aims to eliminate settlement desynchronization risks through Delivery versus Payment (DvP).During the testing, Daiwa Securities and SBI Securities simulated the START market of the Osaka Digital Exchange (ODX), using ST corporate bonds issued by SBI VC Trade and trust-type stablecoins issued by Sumitomo Mitsui Banking Corporation to complete two cross-chain synchronized settlements, thereby validating the feasibility of the T+2 settlement cycle at this stage. (Nada News)