X @BSCN

Stablecoin Initiative - Ripple and SBI Holdings plan to launch Ripple's dollar-backed stablecoin RLUSD in Japan through SBI VC Trade in Q1 2026 [1] - RLUSD, introduced in late 2024, is backed by U S dollar deposits, Treasuries, and cash equivalents [1] - RLUSD's market capitalization is $666 million [1] - SBI VC Trade, licensed under Japan's framework for electronic payment instruments, will oversee the rollout [1] - The initiative deepens Ripple's two-decade alliance with SBI and arrives as Japan updates rules for digital assets [2] Strategic Implications - The move is considered "a major step forward in the reliability and convenience of stablecoins in the Japanese market" [2] - The partnership reflects a push to deliver compliance, reliability, and institutional-grade trust in stablecoins [2] - RLUSD is seen as a bridge between traditional finance and blockchain markets [2] Regulatory Landscape - SBI is also preparing a Bitcoin and XRP ETF, pending approval from regulators [3]