Overview
Japan’s revised Payment Services Act (June 2026) created Type 4 Electronic Payment Instruments for foreign-issued stablecoins meeting functional equivalence tests. June 25, 2026 marked simultaneous launches of ripple RLUSD and circle
- nomura USDC settlement plans.
Timeline
- 2026-06-01: Cabinet Office Ordinance for Type 4 foreign stablecoins effective
- 2026-06-24: ripple RLUSD live on SBI VC Trade VCTRADE (2026-06-25-ripple-rlusd-japan-jfsa-approval)
- 2026-06-25: circle
- nomura USDC corporate FX settlement announced (2027 target) (2026-06-25-circle-nomura-usdc-japan-settlement)
- 2026-06-25: JPYSC yen stablecoin announced (SBI/Startale)
Key Players
Related Topics
- stablecoin-regulation
- cross-border-payments
- fintech-regulation
- japan-stablecoin-wave-rlusd-circle-nomura
- circle-nomura-usdc-japan-settlement
- ripple-rlusd-japan-jfsa-approval