Major Ripple (XRP) Adoption News for Users in Japan: Details

Meanwhile, RLUSD continues to rise in usage and market cap, reaching $1.6 billion on CG.

Expanding its collaboration with its long-time local partner SBI Group, Ripple has received approval from the Japan Financial Services Agency (JFSA) to launch its stablecoin available in the country.

The company’s Senior Vice President of Stablecoins praised Japan’s regulatory environment and called it a leader in cryptocurrency adoption.

RLUSD in Japan

The green light was obtained by SBI Holdings, through its authorized subsidiary SBI VC Trade Co., LTD, an electronic payment instrument trading service provider, which announced the launch of RLUSD in the Japanese market.

The partners initially signed a memorandum of understanding (MoU) in August this year. They explained that this official launch marks the stablecoin’s major entry into one of the “most sophisticated and forward-looking digital asset markets.”

The JFSA license states that RLUSD is described as a new type of electronic payment instrument under the country’s Payment Services Act. It is designed for stablecoins issued abroad that guarantee the security and regulatory standards required by local law. The statement added that institutional and retail users will have access to Ripple’s stablecoin through SBI VC Trade’s VCTRADE platform.

“Japan has long been a leader in digital asset adoption, supported by both regulatory clarity and financial innovation. This launch marks an important step in expanding access to transparent and regulated dollar-backed stablecoins, like RLUSD, for financial institutions, consumers and businesses in Japan,” commented Jack McDonald, Senior Vice President of Stablecoins at Ripple.

Meanwhile, Tomohiko Kondo, CEO of SBI VC Trade, praised the long-standing partnership between his entity and Ripple and highlighted the launch of RLUSD in Japan as the latest major milestone achieved by both parties.

We are proud to announce that Ripple USD ($RLUSD) is now officially available in Japan, following approval from the Japan Financial Services Agency (JFSA):

Through our partnership with SBI Group and @sbivc_official, $RLUSD will be accessible to both…

– Ripple (@Ripple) June 25, 2026

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RLUSD continues to grow

Despite its legal issues in the United States, Ripple managed to launch its own stablecoin in late 2024. It is primarily focused on institutions, but it has seen substantial growth in adoption on several fronts over the past two years, including from Mastercard.

The company has collaborated with many exchanges to improve its usability and liquidity. Data from CoinGecko shows that the market capitalization of RLUSD has increased to $1.6 billion, slightly less than the $1.7 billion claimed by Ripple. Nevertheless, it is still among the 50 largest cryptocurrencies by market capitalization, and 10th in its stablecoin niche.