Ripple Labs announced a major partnership on Friday with Japan’s top financial services conglomerate, SBI Holdings, to distribute RLUSD stablecoin. The fintech firm will begin rolling out the RLUSD stablecoin to the Japanese financial institution from early 2026. The stablecoin market is valued at $300 billion and is projected to grow to a trillion in the coming years. The Japanese conglomerate reviewed the pros and cons for nearly two years before announcing its collaboration with Ripple Labs.
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Both companies signed a memorandum of understanding (MOU) for licensing under the Electronic Payment Instruments Exchange Service Provider. The issuance and distribution of the RLUSD stablecoin to Japan’s SBI Holdings from Ripple Labs will commence in 2026. Stablecoins are now becoming a key part of the global financial infrastructure and are receiving high institutional demand globally. Several leading banks in the US and Europe have already begun using services from the fintech firm.
Ripple Extends Its Arms in Japan, SBI Holdings To Use RLUSD Stablecoin
Ripple’s RLUSD is an industry-grade stablecoin that is built with regulatory compliance and transparency. The stablecoin is backed with reserves, including US dollar deposits, short-term government bonds, and other cash equivalents. Also, the firm is transparent in its dealings with monthly attestations from a third-party accounting firm to audit the finances. Japan’s SBI Holdings will benefit from Ripple’s RLUSD stablecoin partnership, as it allows seamless transactions with transparency.
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All transactions will be recorded on the blockchain technology, making it tamper-proof, which the financial conglomerate wants. “Our company and the Ripple Group have signed a memorandum of understanding for the issuance and distribution of the US dollar-denominated stablecoin “RLUSD” in Japan,” wrote SBI Holdings in its blog post. “By introducing a stablecoin for enterprises that combines reliability and transparency, we aim to create a safe and innovative financial infrastructure,” it summed up.