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Volatility Shares launches first XRP futures ETF on Nasdaq
NFT Gaming

Ripple’s RLUSD to launch in Japan through SBI partnership by Q1 2026

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Ripple’s RLUSD stablecoin is set to debut in Japan in early 2026 through a distribution partnership with SBI Holdings and its crypto arm, SBI VC Trade.

Summary

  • Ripple’s RLUSD stablecoin will be distributed in Japan via SBI VC Trade under a new agreement.
  • The Japan rollout follows Ripple’s RLUSD gaining regulatory approval in Dubai and comes as Japan prepares to issue its first official stablecoin.

Ripple (XRP) announced today that it will begin distributing its U.S. dollar–backed stablecoin, Ripple USD (RLUSD), in Japan during the first quarter of 2026 in partnership with SBI Holdings, a Japanese financial conglomerate. The rollout will be handled by SBI VC Trade, the licensed crypto exchange unit of SBI, under a newly signed memorandum of understanding between the two firms.

“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,” said SBI VC Trade CEO Tomohiko Kondo.

“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,” said Jack McDonald, Ripple’s Senior Vice President of Stablecoins.

Ripple’s RLUSD: market position and global expansion

Ripple’s RLUSD stablecoin, first launched in December last year, is fully collateralized by U.S. dollar deposits, short-term Treasury securities, and other liquid cash equivalents, with independent monthly attestations. As of August, it holds a market capitalization of $666 million, ranking as the eighth-largest stablecoin by market value, just behind PayPal USD, according to CoinMarketCap’s stablecoin rankings.

The expansion into Japan coincides with the country’s preparations to launch its first officially sanctioned stablecoin. It also follows Ripple securing approval from the Dubai Financial Services Authority in early June, which enabled RLUSD’s integration into the region’s payment platforms.



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

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In brief

  • Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins.
  • SBI VC Trade, the first firm licensed as an Electronic Payment Instruments Exchange Service Provider, already handles USDC and will now add RLUSD.
  • Japan has a structured and bank-friendly crypto regime, while its local players place a premium on compliance, Decrypt was told.

Ripple and SBI Holdings are preparing to launch the RLUSD stablecoin in Japan by early next year, as the country’s freshly crafted stablecoin laws open its market to foreign issuers.

The joint move was signed under a memorandum of understanding that will see Ripple’s RLUSD stablecoin distributed in Japan through SBI VC Trade, the group’s licensed crypto exchange, Ripple announced late Thursday evening.

Ripple’s entry would help step up the “reliability and convenience of stablecoins in the Japanese market,” SBI VC Trade CEO Tomohiko Kondo said in a statement.



It comes as Japan’s Payment Services Act amendment took effect in June 2023, establishing a licensing regime for electronic payment instruments. An earlier version of the stablecoin framework was passed by the Japanese parliament in 2022.

The framework has been continuously refined through new amendments set to roll out by 2026, including relaxed reserve requirements and updated licensing tiers, according to a report from Asia Business Law Journal.

Under the new rules set to take effect next year, only licensed entities such as fund transfer service providers or trust banks can issue or distribute fiat-pegged stablecoins, a framework that has opened the door to regulated launches like RLUSD.

SBI VC Trade was the first in Japan to secure an Electronic Payment Instruments Exchange Service Provider license, allowing it to handle foreign-issued stablecoins.

“Japan quietly has a very structured and bank-friendly crypto regime given its continuously revised Payment Services Act,” Rick Maeda, Tokyo-based analyst at Presto Research, told Decrypt.

Ripple “leverages this regulatory moat as well as SBI’s deep retail and institutional reach,” Maeda said.

He pointed to RLUSD’s “institutional branding and reserve transparency,” which could help it against competitors, given how the Japanese market’s regulators, banks, and corporates “place a premium on compliance.”

Earlier in March, NYSE-listed stablecoin issuer Circle received the first approval of a U.S. dollar-pegged stablecoin in Japan for its USDC product. Tether, which issues USDT, a larger competing stablecoin, has not received similar approval.

RLUSD, meanwhile, operates with a smaller market circulation of about $667 million over an average daily trading volume of about $71 million, according to data on CoinGecko.

RLUSD is issued under a New York State trust-company charter, backed fully by cash, short-term Treasuries, and cash equivalents with monthly reserve attestations, according to Ripple.

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Crypto Trends

Ripple, SBI Plan RLUSD Stablecoin Distribution in Japan by 2026

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Ripple and SBI Holdings plan to roll out Ripple USD (RLUSD) in Japan, aiming to tap into the country’s emerging stablecoin market under new regulatory frameworks.

The two companies announced on Friday that they had signed a memorandum of understanding, in which SBI VC Trade’s role is that of distributor. SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider, aims to make RLUSD to go live in Japan during the first quarter of 2026.

RLUSD is Ripple’s first stablecoin initiative, launched in December 2024. The token is fully backed by U.S. dollar deposits, short-term Treasuries and cash equivalents, with monthly attestations from a third-party firm.

Ripple says this structure offers regulatory clarity and institutional-grade compliance — traits it argues will differentiate RLUSD from peers.

SBI executives framed the partnership as a step in strengthening Japan’s digital finance infrastructure. “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,” said SBI VC Trade CEO Tomohiko Kondo.

Ripple executives echoed the compliance focus. “RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance,” said Jack McDonald, Ripple’s senior vice president of stablecoins.

The rollout also highlights the deepening ties between Ripple and SBI, longtime partners in Asia’s blockchain ecosystem. It also comes as Japan approved the first yen-denominated stablecoin for issuance in the country earlier this week.



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Ripple to Bring RLUSD to Japan
NFT Gaming

Ripple to Bring RLUSD to Japan

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  • RLUSD’s growth 
  • Japan’s stablecoin market 

Enterprise blockchain company Ripple has announced that it is bringing its highly regulated Ripple USD (RLUSD) stablecoin to the Japanese market in partnership with SBI VC Trade, the cryptocurrency exchange arm of financial giant SBI Holdings, in early 2026. 

SBI VC Trade CEO Tomohiko Kondo has stated that the introduction of RLUSD would be a “major step” toward making stablecoins more convenient and reliable in the Japanese market. 

RLUSD’s growth 

According to data provided by CoinGecko, RLUSD, which was officially launched last December, currently boasts a market cap of $667 million. 

Last week, Ripple minted another 24 million tokens on the Ethereum blockchain. 

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As reported by U.Today, the token was recently used in the initial public offering (IPO) settlement of crypto exchange Bullish, and it could also be part of Ripple’s credit facility for the Gemini trading platform. 

Japan’s stablecoin market 

Stablecoins have been gaining major traction around the globe, and Japan is not an exception. 

In March, USDC issuer Circle, a major Ripple competitor, announced the launch of the stablecoin in Japan in partnership with SBI VC.

Recently,  the Financial Services Agency (FSA), the country’s first financial regulator, allowed local fintech firm JPYC to issue the first stablecoin pegged to the yen. 

Jack McDonald, Ripple’s vice president of stablecoins, says that he hopes that RLUSD will set a new “benchmark” for the entire market. 



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XRP momentum stalls as SEC delays 21Shares XRP ETF decision
NFT Gaming

rally to $5 likely as RLUSD nears $700m milestone

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XRP price remained in a local bear market this week after plunging by 20% from its highest point this year. 

Summary

  • XRP price has crashed by 20% from its highest level this year. 
  • The Ripple USD stablecoin is nearing $700 million market cap.
  • Technical analysis points to more gains, potentially to $5. 

Ripple (XRP) token was trading at $2.90 on August 21, but the ongoing stablecoin growth and bullish technicals indicate an eventual rebound to $5 and beyond. 

Ripple USD is nearing a $700 million milestone 

One potential catalyst for the XRP price is that its stablecoin growth is accelerating. CoinMarketCap data shows that Ripple USD (RLUSD) has attained a market capitalization of over $666 million, much higher than the $527 million it had in the same period last month.

This growth has made it the third-largest stablecoin regulated in the United States, after USD Coin (USDC) and PayPal USD. The momentum will likely surge now that the US has passed the GENIUS Act.

More data shows that individuals and institutions are using RLUSD. According to Artemis, the number of transactions in the last 30 days jumped to 413,000, while the transaction volume rose by 53% to $2.7 billion.

One of these transactions was on the recent Bullish IPO. Unlike other companies going public, Bullish opted to receive its funds using a combination of stablecoins, including RLUSD. Stablecoins are faster and more cost-effective than other options.

There is a likelihood that the RLUSD stablecoin will be used in the upcoming Gemini IPO. Ripple Labs recently extended a $75 million credit line to the company, in a deal that likely involved RLUSD.

XRP price will likely benefit from the ongoing RLUSD stablecoin growth because it will lead to more activity in the XRP Ledger, attracting fees. 

The other potential catalyst for the XRP price is that the SEC will likely approve the ten ETFs that have been filed by companies like Franklin Templeton and Bitwise.

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily timeframe chart shows that the XRP price has moved downward in the past few weeks. It has crashed from a high of $3.6553 on July 18 to the current $2.88.

The ongoing pullback is part of the handle section of the cup-and-handle pattern whose depth is about 52%. Therefore, measuring the same distance from the cup’s upper side points to an eventual surge to above $5. 

The bullish view is supported by the fact that it has remained above the 50-day and 100-day moving averages. 



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Ripple Mints 13 Million Rlusd To Compete With Usdt And Usdc
GameFi Guides

Ripple Mints 13 Million RLUSD to Compete with USDT and USDC

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Ripple has minted 13 million RLUSD, taking its stablecoin closer to the $500 million market cap milestone. The transaction was detected on Etherscan and posted by Ripple Stablecoin Tracker on X, indicating that the new tokens were transferred to a familiar liquidity address, alluding to increasing usage.

RLUSD, launched to compete with USDT and USDC, is designed for payments, trading, and on-chain liquidity. This latest mint shows Ripple’s clear push to gain a bigger slice of the stablecoin market. Just two days earlier, Ripple minted another 10 million RLUSD, and now the total market cap has reached $428.7 million.

According to market observers, RLUSD may soon break the half a billion dollar mark within a matter of weeks at the current rate. The achievement of such a level might indicate the increase of trust and potential interest of institutional players.

The on-chain data shows that the RLUSD is distributed well among wallets with no single wallet having an excessive proportion. This proves the fact that RLUSD is gaining momentum in different DeFi platforms and exchanges.

The wallet receiving the 13 million tokens has previously handled similar-sized transactions, suggesting the funds may be heading to centralized exchanges or major DeFi protocols.

Since stablecoins are increasingly becoming a part of the crypto economy, the swift growth of RLUSD by Ripple is an indication of intent. A market cap of 500 million dollars will not be a figure anymore, but it may be the time when RLUSD will be a real contender in the stablecoin world.

Also Read: How the GENIUS Act Could Benefit Ripple’s RLUSD, USDC, USDT



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13 Million RLUSD Tokens Minted by Ripple: Details
NFT Gaming

13 Million RLUSD Tokens Minted by Ripple: Details

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Blockchain company Ripple has issued an additional 14 million tokens on the Ethereum blockchain, according to a Friday update. 

This is the largest number of tokens minted in a single day since Apr. 25, according to Ripple Stablecoin Tracker. 

Ripple has so far minted a total of 42 million RLUSD in June. Notably, all of these tokens were created on Ethereum instead of the XRP Ledger.  

The total market capitalization of the stablecoin is now approaching $450 million, CoinGecko data shows. 

As reported by U.Today, RLUSD expanded its global presence by securing key regulatory approval in Dubai earlier this month.    

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Ondo Finance also launched U.S. Treasuries on the XRP Ledger, making it possible for qualified purchasers to mint OUSG with the help of the RLUSD stablecoin.

On top of that, Ripple teamed up with AlchemyPay to expand access to RLUSD by enabling hundreds of fiat payment methods such as Visa and Apple Pay. 

Meanwhile, Circle recently announced that USD Coin (USDC), the second-largest stablecoin, had added support for the XRP Ledger. 



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Genius Act Passed In Us: What It Means For Ripple'S Rlusd Stablecoin
Crypto Trends

What It Means for Ripple’s RLUSD Stablecoin

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In a landmark move, the U.S. Congress has passed the GENIUS Act, giving the green light to regulated dollar-backed stablecoins. While the law applies to the whole stablecoin market, early signs suggest it could be a big win for Ripple’s RLUSD, and by extension, XRP.

This could be the moment Ripple has been quietly preparing for.

What is the GENIUS Act, Why it Matters

The GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, lays out the first real legal framework for stablecoins in America. Passed in the Senate with a 68-30 vote, the bill introduces strict standards for how U.S. dollar-backed tokens should operate.

The rules are clear:

  • Stablecoins must be fully backed by reserves like cash or short-term Treasuries
  • Mandatory third-party audits to ensure issuers aren’t playing games
  • Licensing requirements for companies issuing these tokens

It’s the kind of clarity big institutions have been waiting for.

As Senator Bill Hagerty put it, the goal is simple: to modernize payments and give Americans better, faster options for digital money. With over $261 billion already locked in stablecoins like Tether (USDT) at $155.4B and USD Coin (USDC) at $61.4B, this law could completely shift the competitive landscape.

RLUSD: Built for This Moment

Now entering Ripple’s RLUSD, a U.S. dollar-pegged stablecoin launched on the XRP Ledger. From day one, Ripple’s approach with RLUSD was clear: make it regulation-ready. And that bet may now pay off.

Source: X

Crypto analyst SMQKE posted that RLUSD is designed to tick every box in the GENIUS Act: transparency, backing, and compliance. In a market where most stablecoins either operate offshore or in legal gray zones, RLUSD is now positioned as one of the most institution-friendly options out there.

That’s big for banks, fintechs, and even governments exploring crypto payments.

What’s in it for XRP?

Here’s where it gets interesting. Every RLUSD transaction takes place on the XRP Ledger, and every time that happens, a small amount of XRP is burned.

That’s not just technical trivia, it matters economically. Less XRP in circulation, plus more demand to settle RLUSD-based payments, could push the price higher. And this isn’t speculation anymore. Over the past year, XRP is up 332%, even with short-term pullbacks.

As more institutions adopt RLUSD, XRP could quietly become the fuel behind the next phase of regulated digital finance.

Is XRP About to Get More Regulatory Clarity Too?

Although the GENIUS Act targets stablecoins, there’s another layer to this. Ripple has long argued that XRP is not a security, but rather a utility token used for real-time settlement. Now, with RLUSD operating under a regulated framework on the XRP Ledger, Ripple may finally have the case it needs.

According to policy notes shared online, this law could set the precedent for broader digital asset classification. That’s a game-changer if it means XRP’s role in the ecosystem becomes clearer in the eyes of lawmakers.

Ripple vs CBDCs? The Race Just Got Real

With Trump’s executive ban on CBDCs still in effect, and the GENIUS Act now law, stablecoins like RLUSD may fill the gap. Think about it: RLUSD runs on fast, cheap rails, is now fully compliant, and already works cross-border.

SMQKE calls it a “synthetic CBDC”—a private-sector alternative that ticks all the boxes without needing central bank control. That’s powerful, especially as more countries explore digital currencies but face political or technical roadblocks.

Ripple didn’t just build RLUSD for fun—it built it for this moment. Now that the U.S. has a clear stablecoin law in place, RLUSD is one of the only players ready to go from testnet to Wall Street. And XRP? It’s not just along for the ride. It might be the rails that power it all.

If institutions start piling into regulated digital assets, this could be the breakout moment for both RLUSD and XRP.

Also Read: Ripple’s RLUSD Grabs Spotlight with Alchemy Pay Partnership



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Ripple USD (RLUSD) Volume Down 66% as Minting Resumes
Crypto Trends

Ripple USD (RLUSD) Volume Down 66% as Minting Resumes

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Fresh Ripple stablecoins (RLUSD) have been minted at the Treasury after a long period of inactivity. According to an update from Ripple Stablecoin Tracker on X, in the last 48 hours, 19 million RLUSD have been minted.

19 million RLUSD minted after long pause

Notably, the first batch of 12 million RLUSD was minted on June 13, 2025, signaling a reactivation of minting in the ecosystem. In addition to the earlier ones, another batch of 7 million RLUSD was minted in the early hours of June 14.

Before these two batches of minting at the Treasury, the last time any minting occurred was April 25, 2025. That indicates 49 days of inactivity despite an uptick in activity in the stablecoin market.

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Amid the resumed minting, RLUSD trading volume in the stablecoin market has plummeted by 68.96% to $62.26 million. The drop in trading volume appears unmoved by the fresh minting.

Over the past few days, there have been indications of a general market downturn amid macroeconomic uncertainties in the broader financial ecosystem. This has suppressed trading activity in the wider crypto market, such as purchasing assets, including RLUSD.

In the last 24 hours, the general crypto market volume has recorded a 40.64% decline as even major cryptocurrencies like Bitcoin, XRP and Ethereum nosedived. This broader market correction might have reduced interest in stablecoins such as RLUSD, which are considered a safe bet in times of volatility.

Strategic positioning for market recovery?

Although the short-term demand appears weak as of press time, Ripple Treasury’s decision to mint an additional 19 million RLUSD on Ethereum at this time might be strategic.

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Notably, the Treasury might have targeted this period of general market downturn to ensure enough supply to meet demand when recovery sets in.

As soon as geopolitical tensions ease, the crypto market will likely rebound, and demand for the Ripple stablecoin could increase significantly.



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Ripple USD (RLUSD) Volume Down 57%, Bigger Threat to XRP?
Crypto Trends

Ripple USD (RLUSD) Volume Down 57%, Bigger Threat to XRP?

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Ripple stablecoin (RLUSD) has seen a sharp drop in volume by over 57% as user demand has declined dramatically. CoinMarketCap data reveals that in the last 24 hours, trading volume has plummeted by a massive 60.14% to $44.63 million.

RLUSD demand dives amid halt in minting activity

The development has sparked debate on how much it could impact XRP, the ecosystem’s native token. Notably, the stablecoin’s low demand suggests that users who once flocked to RLUSD as an alternative to Tether’s USDT and Circle’s USDC might be pulling back.

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This could imply limited liquidity on the XRP Ledger (XRPL) based on decentralized exchanges and dApps. Low demand might have been responsible for Ripple’s lack of stablecoin activity for the past three weeks.

According to a U.Today report, Ripple Labs, the blockchain payment giant, has not minted RLUSD for over 41 days. The recent drop in volume confirms the analysis that Ripple might have halted the process to maintain supply.

Despite being Ripple’s associated currency, XRP operates on its positive fundamentals and remains independent of RLUSD. Although it is used for cross-border payments, it will likely not suffer any huge impact from the slip in RLUSD volume.

XRP decouples despite RLUSD uncertainty

As of press time, the XRP price was changing hands at $2.18, representing a 0.28% decline in the last 24 hours. The asset is on a rebound journey and has climbed from $2.08 to its current level. Investors in the ecosystem support XRP’s journey as trading volume has surged by a remarkable 75.12% to $3.51 billion.

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This indicates that although RLUSD has suffered volume collapse, XRP has decoupled from it and is flashing a bullish signal.

It is also likely that RLUSD’s current volume slip is temporary as the broader market signals a trend shift for the stablecoin. Ripple recently received regulatory approval in Dubai, a development that could support improved ecosystem performance in the coming days.



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