Ripple & SBI Holdings Plan RLUSD Stablecoin Launch In Japan By 2026

Ripple & SBI Holdings Plan RLUSD Stablecoin Launch In Japan By 2026

Ripple and SBI Holdings are preparing to bring Ripple USD to Japan by early 2026, targeting the country’s growing stablecoin sector. Under a new memorandum of understanding, SBI VC Trade will distribute RLUSD, benefiting from Japan’s updated regulatory framework.

RLUSD, launched in December 2024, is fully backed by U.S. dollar deposits, Treasuries, and cash equivalents, with independent monthly audits. Ripple executives say the coin ensures strong compliance, while SBI calls it a step toward boosting Japan’s digital finance reliability and convenience.

MetaMask Enters Stablecoin Market With mUSD

MetaMask, the popular wallet by Consensys, will launch its own stablecoin, mUSD, later this year. Backed by Stripe’s Bridge and M0 Protocol, the token will first appear on Ethereum and Consensys’ Linea network.

The wallet will integrate mUSD across its services, allowing fiat on-ramps, token swaps, and cross-chain payments. Users will also be able to spend mUSD at Mastercard merchants through MetaMask Card. Executives called the launch a milestone, citing stablecoins as a $250 billion market reshaping payments.

SBI Holdings Moves Into Tokenized Stocks With Startale JV

SBI Holdings is entering the tokenized equities market through a joint venture with Singapore’s Startale. The partnership will build an on-chain platform for trading tokenized stocks and real-world assets.

The initiative comes as global players like Robinhood and Kraken experiment with tokenized shares. SBI, which manages $74 billion in assets, believes tokenization will reshape markets. CEO Yoshitaka Kitao said it could eventually digitize capital markets entirely. The platform aims to offer 24/7 trading, fractional ownership, and near-instant settlement.

Gemini Secures MiCA License In Malta, Expands EU Presence

Crypto exchange Gemini has obtained a Markets in Crypto Assets license from Malta’s regulator, allowing it to expand across Europe under the bloc’s new framework. The approval enables Gemini to serve customers in over 30 jurisdictions.

Gemini, led by the Winklevoss twins, has steadily built its EU presence, including tokenized stocks and derivatives. The exchange said MiCA licensing underscores its compliance-first approach. The move comes as Gemini prepares for an IPO, with Goldman Sachs and others tapped as lead bookrunners.

Hyperliquid Surpasses $30B Daily Volume, Leads DeFi Derivatives

Hyperliquid, the decentralized perpetuals exchange, has surged to dominate the DeFi derivatives market, according to RedStone data. In just a year, the platform has captured more than 80% market share, processing daily volumes above $30 billion, rivaling leading centralized exchanges.

RedStone attributes the rise to three key advantages: an on-chain order book with CEX-level performance, the HIP-3 market creation system that rewards builders more than the protocol itself, and its dual HyperCore-HyperEVM design that enables innovative financial tools.

Nasdaq-listed Verb Technology Adds $713M In Toncoin To Treasury

Nasdaq-listed Verb Technology has disclosed $780 million in treasury assets, including $713 million worth of Toncoin and $67 million in cash. The firm, soon to rebrand as Ton Strategy Company, aims to pioneer institutional treasury reserves in the TON ecosystem.

The announcement follows a $558 million private placement involving over 110 investors, most of which funded TON acquisitions. Verb targets holding more than 5% of TON’s circulating supply, making it a leading institutional player in The Open Network economy.

CFTC Begins Second Crypto Sprint Under Trump Plan

The U.S. Commodity Futures Trading Commission has launched its second “crypto sprint,” focusing on spot crypto market regulation. Acting Chair Caroline Pham said the agency is inviting public input on rules for leveraged and margined trading on registered exchanges.

The initiative follows recommendations from the President’s Working Group on Digital Assets and is part of President Donald Trump’s plan to “win on crypto.” The sprint will examine commodity definitions, DeFi registration standards, and blockchain-based derivatives.

Hoichi’s Torii Gateway Connects More Than 60 Chains To Shibarium

Hoichi has launched Torii Gateway, a multi-chain bridge linking more than 60 blockchains and 1,500+ tokens to Shibarium. The project was introduced on Shy Speaks, hosted by Shiba Inu lead developer Shytoshi Kusama.

The Gateway connects chains like Ethereum, BaseChain, and Arbitrum, giving users wider flexibility. Hoichi co-founders compared it to highways linking countries, while Kusama praised it as vital to Shibarium’s growth. Plans include adding Solana and Tron, fiat ramps, staking, and reward programs.

Coinbase Prepares Listing Of Trump-linked USD1 Stablecoin

Coinbase has revealed plans to list World Liberty Finance’s stablecoin, USD1, though trading is not yet active. The token, co-founded by the Trump family, runs on Ethereum and BNB Smart Chain and has been marketed with “made-in-America” branding.

Launched in March, USD1 has since grown into the fifth-largest stablecoin, with a $2.4 billion supply. Its profile rose after Federal Reserve Governor Christopher Waller praised stablecoins, sparking the minting of $200 million more USD1 for its treasury.

Ethereum Treasury Holdings Now Hold Over 4.1M ETH

Ethereum treasury holdings have surpassed 4.1 million ETH, valued at $17.5 billion, according to StrategicETHReserve data. A total of 69 entities hold these reserves, representing 3.39% of ETH supply.

BitMine Immersion Technologies leads with 1.5 million ETH, followed by SharpLink Gaming with 740,800 ETH. Other large holders include The Ether Machine, PulseChain Sac, and Coinbase. Analysts say growing treasury accumulation signals stronger institutional acceptance of Ethereum as a digital asset.

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