Ripple Labs announced its collaboration with SBI Holdings to distribute its stablecoin RLUSD in Japan, set to launch in early 2026.
Collaboration between Ripple and SBI Holdings
According to the latest announcement, Ripple Labs has entered into an agreement with SBI Holdings, a major Japanese financial conglomerate. The agreement involves the distribution of Ripple’s stablecoin, RLUSD, through its subsidiary SBI VC Trade.
Details about RLUSD and its Launch
The stablecoin RLUSD will be available through SBI VC Trade, which holds multiple Japanese licenses. The launch is scheduled for the first quarter of 2026. SBI VC Trade CEO Tomohiko Kondo stated that the introduction of RLUSD will not only expand the options for stablecoins in the Japanese market but also enhance the reliability and convenience of such coins. It remains unclear whether the stablecoins will be available only for financial institutions or also for retail users.
Current Situation of XRP Market
Despite the positive news regarding the collaboration, the XRP token has lost 3.6% over the past 24 hours, dropping to a three-week low of $2.83. The token has decreased by 22% since hitting an all-time high on July 18, while the overall crypto market has declined by about 8.5% from its peak.
The agreement between Ripple and SBI Holdings to distribute RLUSD in Japan highlights Ripple's efforts to expand its influence in the stablecoin market, despite recent challenges faced by the XRP token.
