Ripple Taps SBI to Distribute RLUSD Stablecoin in Japan, But XRP Falls
The post Ripple Taps SBI to Distribute RLUSD Stablecoin in Japan, But XRP Falls appeared on BitcoinEthereumNews.com. Ripple Labs has entered into a collaboration with SBI Holdings, a major Japanese financial services conglomerate, according to an announcement on Friday. The memorandum of understanding is to distribute Ripple’s stablecoin, RLUSD, in Japan through SBI subsidiary SBI VC Trade, starting in Q1 2026. SBI VC Trade holds multiple Japanese financial licenses, including being the first Electronic Payment Instruments Exchange Service Provider in the country. This will make RLUSD available to expand stablecoin options in the Japanese market. The $300B stablecoin market is set to grow into the trillions. Together with @sbivc_official, we’re bringing $RLUSD to Japan in early 2026, offering users and institutions a trusted, regulated and fully-backed stablecoin built for enterprise use cases. https://t.co/htcrMiQkTe — Ripple (@Ripple) August 22, 2025 RLUSD Coming to Japan “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,” said SBI VC Trade CEO Tomohiko Kondo. It was unclear from the announcement whether the stablecoins would be limited to financial institutions or available for retail use. Ripple has been a long-time partner of SBI, with the collaboration between the two beginning in 2016. SBI Ripple Asia, a joint venture with SBI holding 60% and Ripple 40% was formed to expand the latter’s services across Asian markets. Ripple’s stablecoin, which was launched in December, is a minnow compared to the major issuers such as Tether and Circle. While its circulating supply has grown steadily this year, it is just $666 million, which gives the firm a 0.24% market share of the $280 billion stablecoin sector. In related news, Ripple has extended the Gemini crypto exchange a $75 million secured credit line, expandable up to $150 million, as the exchange chases a US public listing. Once…
The post Ripple Taps SBI to Distribute RLUSD Stablecoin in Japan, But XRP Falls appeared on BitcoinEthereumNews.com.
Ripple Labs has entered into a collaboration with SBI Holdings, a major Japanese financial services conglomerate, according to an announcement on Friday. The memorandum of understanding is to distribute Ripple’s stablecoin, RLUSD, in Japan through SBI subsidiary SBI VC Trade, starting in Q1 2026. SBI VC Trade holds multiple Japanese financial licenses, including being the first Electronic Payment Instruments Exchange Service Provider in the country. This will make RLUSD available to expand stablecoin options in the Japanese market. The $300B stablecoin market is set to grow into the trillions. Together with @sbivc_official, we’re bringing $RLUSD to Japan in early 2026, offering users and institutions a trusted, regulated and fully-backed stablecoin built for enterprise use cases. https://t.co/htcrMiQkTe — Ripple (@Ripple) August 22, 2025 RLUSD Coming to Japan “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,” said SBI VC Trade CEO Tomohiko Kondo. It was unclear from the announcement whether the stablecoins would be limited to financial institutions or available for retail use. Ripple has been a long-time partner of SBI, with the collaboration between the two beginning in 2016. SBI Ripple Asia, a joint venture with SBI holding 60% and Ripple 40% was formed to expand the latter’s services across Asian markets. Ripple’s stablecoin, which was launched in December, is a minnow compared to the major issuers such as Tether and Circle. While its circulating supply has grown steadily this year, it is just $666 million, which gives the firm a 0.24% market share of the $280 billion stablecoin sector. In related news, Ripple has extended the Gemini crypto exchange a $75 million secured credit line, expandable up to $150 million, as the exchange chases a US public listing. Once…
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