Japan approves Ripple’s $1.7 billion USD-backed stablecoin, enabling institutional and retail trading via SBI VC Trade.
Ripple’s RLUSD stablecoin has launched in Japan following regulatory approval by the country’s financial authorities. The token, backed by the U.S. dollar, was classified as a new payment instrument, allowing SBI VC Trade to offer it to both institutional and retail investors.
The stablecoin’s market presence remains modest, with a total value of approximately $1.7 billion. Japan’s approval marks a significant step in expanding digital asset adoption within regulated frameworks, though RLUSD’s scale is still limited compared to larger stablecoins like USDT or USDC.
No immediate market reaction was reported following the announcement.