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 successful remittance projects by SBI, the introduction of Ripple's dollar stablecoin, RLUSD, has encountered challenges. Megabanks in Japan appear to command greater trust, potentially impacting the adoption of RLUSD in this traditionally friendly market.