Ripple’s RLUSD stablecoin is a potential game-changer in the rapidly expanding stablecoin market, which is projected to reach trillions of dollars. With SBI Holdings planning to bring RLUSD to Japan, the stablecoin could be integrated alongside XRP, positioning Ripple for a stronger role in global payments. 

RLUSD To Propel Ripple Into Global Spotlight

A recent report by tech researcher SMQKE on X social media has reignited attention on Ripple’s strategic moves in Japan. With the introduction of RLUSD in the country, the crypto payments company could steer its growth in the stablecoin market, which is projected to expand from a 300 billion valuation to a trillion in the coming years. 

SMQKE stated in his post that Ripple’s On-Demand Liquidity (ODL) service is already operational in Japan, allowing RippleNet customers to leverage XRP for cross-border payments. This development reduces pre-funding requirements and positions XRP as a critical liquidity tool for remittances, particularly in one of the world’s most expensive cross-border payment corridors. 

SMQKE further pointed to the alignment between the firm’s ODL infrastructure and the upcoming introduction of RLUSD. With Go to Source to See Full Article
Author: Scott Matherson

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