Ripple's dollar stablecoin faces hurdles in Japan, a key market for XRP, as megabanks hold sway.

Despite Japan's historically strong ties to Ripple and XRP, with significant investments and early adoption by SBI Group, the launch of Ripple's dollar stablecoin (RLUSD) has encountered challenges. Megabanks in Japan appear to command greater trust, potentially impacting the stablecoin's adoption in one of XRP's most supportive markets.