Ripple Launches RLUSD Stablecoin in Japan With SBI VC Trade After JFSA Approval

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According to Ripple, the company partnered with SBI VC Trade to launch RLUSD stablecoin in Japan, with the Financial Services Agency (JFSA) classifying it as a Type 4 electronic payment instrument under the Payment Services Act. The stablecoin will initially launch on Ethereum and is subject to a ¥1 million transaction limit.
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