Ripple Announces Distribution of RLUSD Stablecoin To Japan's SBI
Ripple Labs announced a major partnership on Friday with Japan’s top financial services conglomerate, SBI Holdings, to distribute RLUSD stablecoin. The fintech firm will begin rolling out the RLUSD stablecoin to the Japanese financial institution from early 2026. The stablecoin market is valued at $300 billion and is projected to grow to a trillion in the coming years. The Japanese conglomerate reviewed the pros and cons for nearly two years before announcing its collaboration with Ripple Labs. Also Read: Can XRP Hit a New Peak of $4 After September’s Rate Cut? Both companies signed a memorandum of understanding (MOU) for licensing under the Electronic Payment Instruments Exchange Service Provider. The issuance and distribution of the RLUSD stablecoin to Japan’s SBI Holdings from Ripple Labs will commence in 2026. Stablecoins are now becoming a key part of the global financial infrastructure and are receiving high institutional demand globally. Several leading banks in the U...