Ripple and SBI Group have launched the Ripple USD stablecoin (RLUSD) in Japan after receiving approval from the Japan Financial Services Agency (JFSA). This regulatory approval allows RLUSD to be offered through SBI VC Trade, a licensed crypto platform, providing both retail and institutional users access under Japan's Payment Services Act. The launch marks a significant step in Ripple's global expansion of RLUSD, targeting payments, tokenization, and collateral management for Japanese users and businesses. The move builds on Ripple and SBI's long partnership and positions RLUSD as a regulated, dollar-backed stablecoin in one of Asia's most tightly regulated digital asset markets, with future growth depending on adoption and demand in Japan.
XRP dropped 2.8% to around $1.07, breaking below the important $1.0850 support level and nearing the lower end of its June trading range. Despite attempts to recover, the token failed to reclaim the $1.0850 zone, leaving traders focused on the $1.05 ...
Bitcoin fell below $60,000 this week due to continued outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve, and a stronger U.S. dollar, which made crypto more expensive for foreign buyers. Major cryptocurrencies like ether, XRP, and solana...
Ripple executive Reece Merrick compared the current state of crypto payments to the early days of online shopping, highlighting that both went through a slow infrastructure-building phase before gaining mainstream adoption. He noted that just as e-co...
Ripple's XRP has declined 9% this week, continuing a downtrend since last year due to low network activity and increased supply. The price broke below a key support range and retested it, signaling potential further decline if another low is made. Ho...
Most major cryptocurrencies experienced price declines, including Bitcoin dropping 2.76% to $60,733 and Ethereum falling 3.24% to $1,608.71. Other notable coins like Binance Coin and XRP also saw decreases, reflecting a broad market pullback. A few t...
