RLUSD is continuing to expand in usage and market capitalization, reaching $1.6 billion on CG. The token’s growth comes alongside Ripple’s push to broaden availability in key markets.

Ripple has launched its U.S. dollar-pegged stablecoin RLUSD in Japan, expanding its footprint in Asia. After approval from Japan’s Financial Services Agency (JFSA), RLUSD is available to institutional and retail users on SBI VC Trade’s VCTRADE platform. The rollout follows a strategic partnership Ripple and SBI Group announced in August 2025.

JPYSC has launched as Japan’s first yen stablecoin. It is issued by SBI Shinsei Trust Bank and distributed through SBI VC Trade. The rollout makes JPYSC available via SBI’s exchange channel.

Plans to introduce a digital euro advanced in the European Parliament this week, with lawmakers stressing that a new form of central bank money would not replace paper cash. The step comes as officials in Brussels and Frankfurt grow more concerned about the rising use of privately issued stablecoins pegged to the U.S. dollar. It also unfolds as Washington prepares to bar the creation of a digital dollar later this decade.

Five Senate Democrats are pressing for sworn testimony over a $500 million UAE investment in Donald Trump’s crypto venture, World Liberty Financial. They argue the investment coincided with a series of policy decisions favorable to the UAE. The lawmakers want White House officials to testify under oath about what they knew and when.

The U.S. House of Representatives has approved the 21st Century ROAD to Housing Act, sending legislation to President Donald Trump that would bar the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030. The measure folds the CBDC restriction into a sweeping housing package. The bill now heads to Trump for his signature.

Former President Donald Trump is facing heightened scrutiny from Senate Democrats over a $500 million investment from UAE officials in his family’s crypto venture, World Liberty Financial. Lawmakers say the financing raises questions about conflicts of interest and potential foreign influence. They are also weighing how the backing could intersect with national security concerns and the broader debate over crypto regulation.

On June 23, the U.S. Department of Justice seized a cloud computing account used to run backend systems linked to Cambodia’s Huione Group, as authorities intensify efforts to disrupt crypto-enabled fraud laundering networks operating through messaging platforms and blockchains. The action targeted infrastructure supporting Huione Guarantee, a Telegram-based marketplace U.S. authorities allege served as an escrow hub for laundering illicit cryptocurrency proceeds. The details were set out in DOJ filings.

Congress has passed legislation that would bar the Federal Reserve from issuing a central bank digital currency through Dec. 31, 2030. The measure, sent to President Donald Trump for signature, hands a major policy win to opponents of a U.S. digital dollar.

Crypto markets faced tighter liquidity conditions after the Federal Reserve held rates steady while signaling heightened inflation concerns. Wintermute said a more restrictive stance could slow liquidity entering crypto via ETFs, stablecoins and DATs. Fed projections also showed the median 2026 rate outlook moving higher, and markets repriced expectations for a December hike to about 77%.