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.