In brief
Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins.
SBI VC Trade, the first firm licensed as an Electronic Payment Instruments…
Ripple and SBI Holdings plan to roll out Ripple USD (RLUSD) in Japan, aiming to tap into the country’s emerging stablecoin market under new regulatory frameworks.The two companies announced on…
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…
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Stablecoins as cash are now officially recognized by the US Securities and Exchange Commission through interim guidance released Monday. The regulatory shift permits qualifying USD-pegged stablecoins as cash to be…
XRP’s ETF applications are actually racing toward October 2025 deadlines right now as multiple firms compete for SEC approval. The XRP ETF launch momentum has coincided with Ripple’s RLUSD stablecoin…
Ripple has published a blog post about the role of stablecoins in the remittance market and how RLUSD can redefine not only it but also the global money movement.Ripple believes…
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC,…
Bank of New York Mellon will serve as the primary custodian
for the U.S. dollar reserves supporting Ripple’s stablecoin, RLUSD. The
announcement was made by both companies on Wednesday.BNY Mellon created a…
In brief
Ripple has chosen BNY Mellon as the primary custodian for RLUSD.
Stablecoin issue Circle made a similar announcement over three years ago.
Despite its over 240-year history, BNY Mellon was an…