Ripple and SBI to Launch RLUSD Stablecoin in Japan by Q1 2026

SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider, has announced plans to distribute Ripple USD (RLUSD) in Japan by the first quarter of 2026, marking a major step toward integrating regulated stablecoins into Japan’s evolving digital asset landscape.

Ripple and SBI Holdings formalized the move through a newly signed memorandum of understanding. Under the agreement, SBI VC Trade will serve as the primary distributor of RLUSD in Japan, leveraging its regulatory approval under the country’s stablecoin framework.

Originally launched in December 2024, RLUSD is Ripple’s first stablecoin. It is fully collateralized by U.S. dollar deposits, short-term Treasuries, and cash equivalents, with monthly attestations from an independent auditor. Ripple emphasizes the token’s institutional-grade compliance and transparency as key differentiators.

“This partnership aims to enhance Japan’s digital financial infrastructure,” said Tomohiko Kondo, CEO of SBI VC Trade. “The introduction of RLUSD will significantly strengthen both the reliability and the practical utility of stablecoins in the Japanese market.”

Ripple echoed the regulatory-first approach, with senior vice president Jack McDonald noting: “RLUSD is purpose-built to meet high compliance standards, serving as a secure and efficient bridge between traditional finance and crypto.”

The initiative reflects the deepening relationship between Ripple and SBI — two long-time collaborators in Asia’s blockchain sector — and coincides with Japan’s approval of its first yen-denominated stablecoin earlier this week.