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Ripple and its partner SBI Holdings are set to launch a new stablecoin, dubbed RLUSD, in the Japanese market. This development comes as part of Ripple’s effort to expand its stablecoin offerings globally. The RLUSD coin is designed to provide institutional-grade stability and regulatory clarity.
According to reports, this innovative stablecoin will be distributed through SBI VC Trade, a licensed subsidiary of SBI Holdings that operates under Japan’s digital payment framework. This move comes as Japan has recently introduced regulated frameworks for stablecoins, paving the way for compliant launches like RLUSD.
Ripple has positioned RLUSD as an industry standard for compliance, emphasizing its focus on utility, trust, and regulatory alignment. The company believes that its long-standing partnership with SBI will help achieve these goals efficiently. With this collaboration, Ripple aims to redefine the integration of stablecoins in financial systems worldwide.
The RLUSD stablecoin is designed to provide a full reserve backing system, monthly attestations, and enterprise-grade compliance. Additionally, it is supported by U.S. dollar deposits, short-term government bonds, and other cash equivalents to ensure transparency and trust.
As part of its overall stablecoin roadmap, Ripple has already secured approval for RLUSD in certain regions like Dubai, further boosting its credibility. With the Japanese market now set to become a key focus area, Ripple is poised to capitalize on the growing demand for stablecoins worldwide.
Source: coincentral.com
