Ripple has entered into a partnership with SBI Holdings and its subsidiary SBI VC Trade to distribute the RLUSD stablecoin in Japan. The memorandum of understanding outlines plans to launch the enterprise-grade stablecoin in the first quarter of 2026. RLUSD is backed by high-quality reserves, including US dollar deposits and US Treasury bonds, and undergoes monthly audits by a third-party accounting firm. SBI VC Trade, which holds a Japanese electronic payment instrument trading service provider license, was the first to list USDC in Japan.