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 Services Agency has approved Ripple’s dollar-pegged stablecoin RLUSD as an electronic payment instrument under the country’s strict Payment Services Act. RLUSD will be offered to both institutional and retail customers in Japan through SBI VC Trade’s VCTRADE platform,…
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