Ripple's RLUSD stablecoin goes live in Japan after regulatory approval
Ripple's RLUSD stablecoin has received regulatory approval in Japan, allowing it to be used for payments and institutional settlements. This move marks a significant expansion for Ripple in the Asian market, though the token remains small compared to industry leaders like Tether and USDC.
Why it matters
The approval signals Japan's evolving regulatory stance on foreign-issued stablecoins and highlights the competitive race for global adoption of regulated crypto assets.
The Japan Financial Services Agency approved RLUSD as a new type of electronic payment instrument under the country s Payment Services Act, a category meant for foreign-issued stablecoins that meet Japanese standards.
Objective reporting on financial technology developments and regulatory milestones.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in