Draft

Why is it important

Since 2023, in Japan, amendments to the law on payment services that introduced a license regime for the release and circulation of stabelcoins provided with fiat currencies have been in force in Japan. This opens the market for international issuers and forms one of the most transparent regimes for regulating digital assets in Asia.

how it will work

RLUSD will be distributed through SBI VC Trade — the first Japanese crypto -tank with a license to circulate electronic payment tools.

The exchange is already serving USDC, and now it will add rlusd.

According to CEO SBI VC Trade, Tomochico Kondo, the participation of Ripple «will increase the reliability and convenience of stablecoins for Japanese users.»

Japan has been forming a bank-fighting regime of cryptocurrency regulation for several years. Unlike the United States, where the legal status of many digital assets remains controversial, Japan establishes clear rules for issuers of stablecoins and their integration into the financial system.