Ripple’s U.S. dollar-denominated stablecoin, RLUSD, is expected to be listed in Japan “in the near future,” according to sources familiar with the matter.
According to the sources, RLUSD will first be listed on SBI VC Trade, with plans to subsequently expand to other domestic cryptocurrency exchanges. In August last year, SBI VC Trade signed a memorandum of understanding (MOU) with Ripple regarding the issuance and circulation of RLUSD in Japan.
Sources indicated that preparations had initially been underway for a listing between late February and early March. However, delays in the regulatory review process reportedly pushed back the timeline.
Ripple is also said to have been in contact with multiple crypto exchange operators in Japan. Under Japanese regulations, companies must complete registration as an Electronic Payment Instruments Service Provider in order to handle stablecoins.
At the “GFTN Tokyo 2026” forum currently being held in Tokyo, Ripple’s APAC Vice President and Regional Managing Director, Fiona Murray, also commented on RLUSD’s potential listing in Japan on the 25th. While she did not specify a timeline, she stated that the company aims to achieve the listing “as soon as possible.”
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