Ripple and SBI Holdings have announced a partnership to launch the RLUSD stablecoin in Japan, aiming for a first quarter of 2026 release.
Ripple and SBI Collaboration
Ripple and SBI Holdings announced their collaboration to launch the Ripple USD (RLUSD) stablecoin in Japan. The initiative targets the first quarter of 2026 and utilizes Japan's updated stablecoin regulations. SBI VC Trade will serve as the licensed distributor, aiming to enhance the reliability and convenience of stablecoins in the Japanese financial market. Tomohiko Kondo, CEO of SBI VC Trade, remarked, 'The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins.'
Market Reaction to RLUSD Announcement
Ripple's announcement sparked an immediate 8% increase in XRP's price, reflecting the anticipated positive market reaction to launching a new regulated stablecoin in Japan.
Financial Stability and Future Plans
RLUSD will be fully backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents, ensuring stability. Its circulation is expected to reach approximately $300 billion in stablecoin volume in Japan, potentially influencing regulatory, financial, and technological landscapes.
The launch of RLUSD in Japan could significantly transform the country's financial landscape, providing new opportunities for users and investors.
