Ripple, a leader in enterprise blockchain and crypto solutions, and SBI Holdings, a major Japanese financial services conglomerate and its subsidiary SBI VC Trade Co., Ltd., a provider of crypto asset exchange business (jointly “SBI Group”), announced a new memorandum of understanding (MOU) for SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider in Japan and subsidiary of SBI, outlining their intention to distribute Ripple USD (RLUSD) in Japan.
Valued at nearly $300 billion today, the stablecoin market is expected to grow into the trillions in the coming years. As stablecoins become a key part of global financial infrastructure, the next wave of adoption will be driven by utility and institutional demand.
„RLUSD is a trusted, enterprise-grade stablecoin, built with compliance and transparency in mind. RLUSD is fully backed by high-quality reserves, including U.S. dollar deposits, short-term U.S. government bonds, and other cash equivalents, with monthly attestations from a third-party accounting firm. This commitment to regulatory clarity sets RLUSD apart from other stablecoins and provides the security that institutions require and expect.” – the company explained.
“SBI Group has been leading the development of the cryptocurrency and blockchain field in Japan. Our company has been the first to obtain the Electronic Payment Instrument Exchange Service Provider License in Japan, and have started handling stablecoins. The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins in the Japanese market, and an important step in further accelerating the convergence of finance and digital technology. We will continue to work with Ripple to build a safe and transparent financial infrastructure,” said SBI VC Trade CEO Tomohiko Kondo.
“Our partnership with SBI has always been about more than just technology; it’s about building a trusted and compliant financial future,” said Jack McDonald, Ripple’s Senior Vice President of Stablecoins. “The distribution of RLUSD in Japan with SBI VC Trade is a culmination of that work. RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance. We are confident that this partnership will not only drive stablecoin utility in Japan but also set a new benchmark for the entire market.”
SBI VC Trade aims to make RLUSD available in Japan during the first quarter of 2026.
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