Ripple Labs Company has been continuing its crusades as it attracts a large amount of adoption of the Stablecoin Ripple USD (RLUSD), bringing it to a new perspective, and is now the next stop, becoming the Earth of the Rising Sun.
Ripple and The Entity SBI Holdings announced a memorandum of understanding to be featured at Japan RLUSD on Friday. As reported, this distribution will be responsible for SBI VC Trade, a subsidiary of the Japan Group, which is authorized as a provider of electronic payment devices. The release is scheduled for the first quarter of 2026.
RLUSD was released in December 2024 and is operated on both the Ethereum Network and XRP Ledger. Its market capitalization reached $666.62 million at the end of this report, which places it in the eighth position between the largest stub coins (USDT) and USD coins (USDC), far below Tether (USDT) and USD coins (USDC), which will concentrate valuations of US$167,000 and US$67,000 million respectively. Nevertheless, it is projected as an alternative that aims to meet the institutional and regulatory demand for stable digital currencies.
The agreement with SBI is part of Ripple’s strategy to expand RLUSD’s international presence. The Japanese market is considered to be one of the most regulated in Asia regarding digital assets. Tomohiko, CEO of SBI VC Trade, said that the incorporation of RLUSD will expand the options available in the country and strengthen the convergence of traditional finances and digital technologies.
Ripple emphasizes that RLUSD is equivalent to the US Treasury bonds short-term bonds and other cash. The company guarantees that monthly reservations made by external auditors will be made public. In parallel, BNY Melon serves as the main custodian of backup assets, providing transactional banking services to maintain token operationality, enhancing interoperability with traditional financial systems.
This international expansion of stubcoin occurs in the context of growth in demand for these digital currencies in the enterprise and financial processes. For example, Bullish, an institutional platform for digital assets, said this week it used Stablcoins, which includes RLUSD units, to liquidate its initial public offering of $1,150 million in revenue. Jefferies Investment Bank served as an agent in the issuance and liquidation of these devices, as reported by Cryptootics.
In that sense, Jack McDonald, senior vice president of Stablecoins at Ripple, declared that the alliance with the SBI was trying to integrate credible standards in the traditional and decentralized fiscal relationships. According to the company, the aim is for RLUSD to exceed market prices and become a functional tool for large-scale payments and operations.
The decision is also consistent with recent regulatory changes in the United States. The Genius Act requires that all stubcoins linked to the dollar be supported by liquid assets and that their emitters regularly disclose the composition of their reserves, in addition to establishing measures against money laundering. Ripple says the RLUSD design meets these regulations and is trying to distinguish itself in a sector that has already touched on the $300 million global capitalization.
