Follow UsRipple's RLUSD stablecoin goes live in Japan after regulatory approval
Bullish+0.03%
25 Jun, 05:02
Source: CoinDesk
AI Summary
Ripple's RLUSD stablecoin received regulatory approval from Japan's financial regulator, enabling SBI VC Trade to offer it to institutions and retail investors.
Japan's financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.