Ripple's RLUSD stablecoin launched in Japan after JFSA approval, becoming the first foreign-issued stablecoin under Japan's Payment Services Act, with Circle and Nomura also entering Japan's stablecoin market.

Ripple's RLUSD stablecoin is available through SBI VC Trade for both institutional and retail users in the country.

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…