Ripple and SBI Holdings have launched the RLUSD stablecoin in Japan, following approval from Japan's Financial Services Agency. The stablecoin is now available to both institutional and retail users via SBI VC Trade's VCTRADE platform. Classified as a new electronic payment instrument under Japan's Payment Services Act, RLUSD is designed to meet stringent security and regulatory standards for foreign-issued stablecoins. Ripple's Senior Vice President of Stablecoins, Jack McDonald, highlighted the launch as a significant step in providing regulated US dollar stablecoins to Japanese financial institutions and enterprises, facilitating payments, tokenization, and collateral management.