Ripple's stablecoin RLUSD has been launched in Japan and has received approval from the Japanese Financial Services Agency

According to official news, Ripple and SBI Holdings announced that the RLUSD stablecoin has officially launched in Japan and received approval from the Financial Services Agency of Japan, opening up to institutional and retail users through the VCTRADE platform of SBI VC Trade. RLUSD is classified as a new type of electronic payment tool under Japan's Payment Services Act, designed to meet the safety and regulatory standards for foreign-issued stablecoins. Jack McDonald, Senior Vice President of Ripple's stablecoin division, stated that this launch is an important step in expanding access to regulated US dollar stablecoins for Japanese financial institutions and businesses, with RLUSD serving as a bridge for payments, tokenization, and collateral management.