Ripple Launches Stablecoin in Japan: Aiming for a Major Market Expansion

Ripple has partnered with SBI Holdings, a major financial player in Japan, to launch RLUSD, a USD-pegged stablecoin, by early 2026. The distribution will be facilitated through SBI VC Trade, SBI Holdings’ cryptocurrency arm. RLUSD utilizes US dollar deposits, short-term US Treasury bills, and other cash equivalents to maintain its 1:1 peg. This venture aims to expand stablecoin offerings in the Japanese market and offer a more reliable and user-friendly experience.