Search results for VCTRADE
Crypto
Japan\'s SBI VC Trade tops 2 million accounts as yen weakness drives growth
SBI VC Trade, a digital asset trading unit of Japan\'s SBI Holdings, has surpassed 2 million registered platform accounts. Account growth accelerated over about three months and includes its VCTRADE platform and the Bitpoint service. The company said demand from both individuals and institutions is rising, with a weaker yen encouraging corporate inflows and broader use of bitcoin and XRP. SBI is also expanding stablecoin and staking offerings and preparing a stablecoin lending service.
Crypto
RLUSD supply shifts as issuance moves to XRPL and redemptions rise on Ethereum
Ripple\'s stablecoin RLUSD has become most supplied on the XRP Ledger, overtaking Ethereum. The Crypto Basic reported RLUSD supply on XRPL at about $801.8 million versus about $793.1 million on Ethereum. The shift reflects rising issuance on XRPL and increased redemptions on Ethereum. Combined circulation is about $1.596 billion. The move coincides with Ripple\'s Japan launch of RLUSD following regulatory approval, with distribution planned via SBI Group and SBI VC Trade.
Crypto
SBI VC Trade launches RLUSD service, Japan\'s first fourth-category electronic payment instrument
SBI VC Trade, a unit of Japan’s SBI Holdings, has started handling RLUSD, a dollar-based stablecoin promoted by Ripple. CoinPost reported RLUSD is Japan’s first fourth-category electronic payment instrument. RLUSD is issued by Ripple subsidiary SCTC and approved by the New York State Department of Financial Services. SBI VC Trade will initially support Ethereum only, with free deposits and withdrawals, and set a 1 million yen cap per transaction for trading orders and withdrawals.
