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Ripple collaborates with SBI Holdings to promote Ripple USD (RLUSD) in Japan.
According to Mars Finance, on August 22, Ripple announced the signing of a new Memorandum of Understanding (MOU) with Japan's financial group SBI Holdings and its subsidiary SBI VC Trade Co., Ltd. (a licensed electronic payment tool trading service provider, hereinafter referred to as "SBI Group"), planning to distribute Ripple USD (RLUSD) in Japan through SBI VC Trade. RLUSD is a trusted enterprise-level stablecoin, designed with full consideration of compliance and transparency. RLUSD undergoes monthly audits by a third-party accounting firm.