Japan's financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.
Japan's financial regulator has approved Ripple's RLUSD stablecoin, allowing it to be offered as a new payment instrument. This U.S. dollar-backed token will be available to both institutional and retail clients through SBI VC Trade. Currently, RLUSD has a market capitalization…
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