Ripple and SBI Holdings are set to launch the USD-pegged RLUSD stablecoin in Japan by early 2026, marking a significant step forward for the country’s evolving regulatory embrace of fiat-backed digital assets. This move aligns with recent amendments to Japan’s Payment Services Act that have expanded licensing frameworks for foreign issuers. SBI VC Trade, a licensed crypto exchange under SBI Holdings, will distribute RLUSD in Japan after signing a memorandum of understanding (MoU) with Ripple. Ripple has emphasized that RLUSD’s structure is designed to meet regulatory expectations, including the rigorous transparency and capital backing requirements associated with New York State trust charters. The stablecoin aims to capitalize on Japan’s favorable legal framework for regulated stablecoins.