Woofun AI reports that Ripple and SBI Holdings have officially launched the RLUSD stablecoin in Japan following approval from the Financial Services Agency. The asset is now available to institutional and retail users through the SBI VC Trade platform.

RLUSD is classified as a new type of electronic payment tool under Japan's Payment Services Act, meeting safety standards for foreign-issued stablecoins. Jack McDonald, Senior Vice President of Ripple's stablecoin division, described the launch as a key step for expanding access to regulated US dollar stablecoins for Japanese entities, serving payments, tokenization, and collateral management.