Ripple and SBI Holdings to Launch RLUSD Stablecoin in Japan by 2026
Ripple and SBI Holdings are set to launch Ripple USD (RLUSD) in Japan, targeting the stablecoin market under new regulations. Key details include:
- A memorandum of understanding was signed between Ripple and SBI Holdings.
- SBI VC Trade will act as the distributor for RLUSD.
- The stablecoin is expected to go live in Q1 2026.
- RLUSD is fully backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents.
- Monthly attestations from a third-party firm ensure compliance.
- The partnership aims to enhance Japan’s digital finance infrastructure.
- RLUSD is positioned as an industry standard bridging traditional and decentralized finance.
- This rollout follows Japan's recent approval of its first yen-pegged stablecoin.
Both companies emphasize regulatory clarity and institutional-grade compliance in their offering.