Ripple, SBI Holdings launch RLUSD in Japan after FSA approval
RLUSD is now available on SBI VC Trade’s VCTRADE platform for institutional and retail users, in what SBIVC Trade said is Japan’s first handling of a Type 4 electronic payment instrument.
USDC
RLUSD
Fact Check
Multiple independent crypto-news outlets (PANews, Odaily, BlockBeats) all report, citing the official Upbit announcement of 2026-06-23, that Upbit will list Archium (ARX) including the KRW pair (alongside BTC and USDT). BlockBeats and CoinMarketCap market data showing a ~30%+/100%+ ARX price jump further confirm the listing occurred. The direct Upbit notice page was inaccessible (CloudFront 403), but source convergence is strong. The specific KRW-market claim is fully supported.
Summary
Ripple and SBI Holdings said RLUSD has launched in Japan after approval from Japan’s Financial Services Agency, with the U.S. dollar stablecoin now available to institutional and retail users through SBI VC Trade’s VCTRADE platform. SBIVC Trade said RLUSD is the exchange’s second U.S. dollar stablecoin after USDC and described the rollout as Japan’s first handling of a Type 4 electronic payment instrument under the Payment Services Act.
Terms & Concepts
- stablecoin: A digital token designed to maintain a stable value, typically by being linked to a fiat currency.
- electronic payment instrument: A regulated category under Japan’s Payment Services Act covering certain digital payment products, including eligible stablecoins.
- Type 4 electronic payment instrument: A Japanese regulatory classification that SBIVC Trade said applies to RLUSD in this launch.