News Heat Trend
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.
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 Shinsei Trust Bank Launches Investment of Portion of JPYSC Reserve Assets in Japanese Government Bonds
According to official announcements by SBI Shinsei Trust & Banking and SBI VC Trade, 1 billion yen of the reserve trust assets for "JPYSC," Japan's first domestic trust-based Japanese yen stablecoin, has begun being allocated to short-term government bonds. Under the amended Funds Settlement Act, which officially takes effect on June 1, 2026, this measure permits trust-based stablecoin reserve assets to be invested in short-term government bonds or time deposits with maturities of three months or less, up to a cap of 50% of the total issuance volume, subject to specific conditions. As of September 7, 2026, the outstanding issuance of JPYSC stood at approximately 20.1 billion yen. Including the balance of the "JPYSC Lending" service at roughly 6.9 billion yen, the combined total reaches approximately 27 billion yen. The two companies stated they will continue to expand JPYSC's use across domestic and cross-border payment settlements, on-chain foreign exchange markets, and settlements for RWA-tokenized assets. Through the management and deployment of high-credit yen assets, they aim to foster a new capital circulation model bridging digital finance and traditional financial markets.
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.
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.