Ripple 
$2 has announced its strategic collaboration with Japan’s prominent financial giant SBI Holdings, aiming to launch a USD-pegged stablecoin named RLUSD in Japan by the first quarter of 2026. The distribution is set to occur through SBI Holdings’ cryptocurrency branch, SBI VC Trade. The RLUSD coin, initially launched in December 2024, is secured with a reserve of US dollar deposits, short-term US Treasury bills, and other cash equivalents.
Launch Planned for Early 2026
Ripple’s recent announcement confirms that RLUSD will be made accessible to investors in Japan via SBI VC Trade. The CEO of SBI VC Trade, Tomohiko Kondo, emphasized that the SBI Group has been a pioneer in cryptocurrency and Blockchain development in Japan. Introducing RLUSD will not only expand stablecoin options in the Japanese market but will also offer significant advancements in reliability and ease of use. The release is scheduled for the first quarter of 2026.
The 1:1 collateral structure of RLUSD ensures that its dollar peg is maintained even during volatile periods. Ripple stresses transparency by explicitly defining the components of its reserves. Since its global inception in December 2024, the product’s reach has gradually expanded, with the Japanese plan marking a new milestone for its distribution.
Regulatory developments are also noteworthy. In June, the Dubai Financial Services Authority (DFSA) recognized RLUSD as a payment infrastructure within the Dubai International Financial Centre (DIFC). This approval has broadened the regional reach of the stablecoin and facilitated its corporate usage channels. The Japan distribution is viewed as the next critical phase in its global expansion.
Market Data on RLUSD
According to data from CryptoAppsy, the market capitalization of RLUSD stands at $666 million. The stablecoin’s trading volume over the past 24 hours reached $73 million. Observing the broader market, the total supply of USD-pegged stablecoins in the market is valued at $266 billion, compared to $256 billion on August 1.
