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The Polylog Crypto Intelligence Brief

Morning Edition · Thursday, June 25, 2026

Ripple's RLUSD Stablecoin Goes Live in Japan Under One of the World's Strictest Regimes

Japan's regulator cleared the dollar-backed token under a new category of payment instrument, opening institutional and retail distribution through SBI VC Trade.

Ripple's RLUSD Stablecoin Goes Live in Japan Under One of the World's Strictest Regimes

Japan's Financial Services Agency approved Ripple's dollar-pegged stablecoin RLUSD as an electronic payment instrument under the country's Payment Services Act, CoinDesk reported. The clearance lets SBI VC Trade offer the token to instituti…

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Race to Bank and Distribute Stablecoin Reserves

Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.