TechFlow News: On June 25, according to The Block, Ripple’s USD-pegged stablecoin RLUSD has received regulatory approval from Japan’s Financial Services Agency (FSA) and officially launched in Japan. It has been classified as a “new type of electronic payment instrument” under Japan’s Payment Services Act. The stablecoin is available to both institutional and retail users via SBI VC Trade, the cryptocurrency platform operated by Japanese financial group SBI Holdings.
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