Ripple’s dollar stablecoin hits a wall in Japan, one of XRP’s friendliest markets, as megabanks earn most of the trust
CryptoSlate
A Nomura survey reveals Japanese institutions prefer bank-issued stablecoins, creating competitive hurdles for Ripple's RLUSD despite its strong local partnerships.Summary
Although Japan is a major market for Ripple, a Nomura and Laser Digital survey indicates that Japanese institutional investors overwhelmingly trust stablecoins issued by traditional financial institutions over crypto-native entities. While Ripple maintains deep roots through partners like SBI, its RLUSD stablecoin faces structural competition from Japan’s major banks, which are developing their own compliant digital assets. Ripple’s future success likely depends on whether it can capture cross-border payment niches while banks dominate domestic, trust-sensitive financial applications.
(Source：CryptoSlate)