Ripple Launches RLUSD Stablecoin in Japan After FSA Approval

Ripple has introduced its U.S. dollar–backed stablecoin RLUSD in Japan following approval from the country’s Financial Services Agency (FSA).

With this authorization in place, RLUSD is now permitted to function as a regulated electronic payment instrument under Japan’s updated Payment Services Act, paving the way for its entry into one of the world’s most tightly regulated digital asset markets.

The stablecoin will be distributed via SBI VC Trade, the crypto arm of SBI Holdings, making it available to both institutional and retail users nationwide.

Source: Ripple