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Ripple announced a strategic partnership with SBI Holdings to launch the RLUSD stablecoin in Japan in the first quarter of 2026.
Japan Launch
Ripple will distribute RLUSD in the Japanese market through SBI Holdings’ crypto subsidiary, SBI VC Trade. Tomohiko Kondo, CEO of SBI VC Trade, emphasized that the launch of RLUSD will be a significant step in establishing trust and adoption for stablecoins in Japan.
RLUSD Market Data
RLUSD was initially launched in December 2024 and is backed 1:1 by USD deposits, short-term U.S. government securities, and cash equivalents. According to CoinGecko, RLUSD’s market capitalization is $666 million, with a 24-hour trading volume of $71 million.
In June 2025, the Dubai Financial Services Authority approved RLUSD as a payment method within the Dubai International Financial Centre, further expanding the stablecoin’s regional accessibility.
Global Stablecoin Market
The stablecoin market is expanding rapidly. On August 1, 2025, the total USD-backed stablecoin supply was $256 billion, rising to $277 billion by mid-August.
Ripple’s move to launch RLUSD in Japan with SBI is expected to accelerate stablecoin competition in Asia and strengthen RLUSD’s global adoption.
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