We're proud to announce that Ripple USD ($RLUSD) is now officially available in Japan, following approval from the Japan Financial Services Agency (JFSA): https://t.co/ChkYMQ6kxW
Through our partnership with SBI Group and @sbivc_official, $RLUSD will be accessible to both institutional and retail users via the VCTRADE platform, serving as a bridge for payments, tokenization, and collateral management.
With $1.7 billion in market cap and a 10-year relationship with SBI, this is a significant milestone in advancing regulated stablecoin adoption across Asia.
today, @ripple received preliminary MiCA approval to offer regulated crypto payment services across europe.
TLDR MiCA approval allows ripple to legally offer its crypto and stablecoin payment services to banks and businesses across Europe.
here's why it might be one of the most important milestones to date and what it means for the rest of crypto:
1/ MiCA is considered the "gold standard" for crypto regulation
approval is a major stamp of legitimacy, allowing a company to offer its financial services across the entire EU.
2/ regulators gave ripple a "green light letter"
this means ripple met their main requirements pending a few final conditions before a full license is granted.
3/ regulated crypto payments are coming!
the license enables ripple to offer financial infrastructure to european banks and businesses, allowing them to use ripple's tech (including its stablecoin $RLUSD).
this means institutions can finally use its tech to send money across borders in a legal and compliant manner.
needless to say, lock in.