🇯🇵 Japan Launches Stablecoin on XRP Ledger — A Major Milestone for XRPL

In a landmark development for Ripple and the XRP ecosystem, **Japan is officially launching a stablecoin on the XRP Ledger (XRPL)**. The stablecoin, issued by **Tokyo-based company “Progmat” and backed by Japanese financial giants**, is pegged 1:1 to the yen and will leverage XRPL’s fast, low-cost, and energy-efficient blockchain infrastructure.

This move marks **one of the first government-compliant stablecoins on XRPL**, signaling increased institutional trust in Ripple’s tech stack. The initiative is part of Japan’s broader plan to expand Web3 infrastructure while staying regulatory-compliant.

🔑 Why This Matters:

* 🪙 **Yen-backed stablecoin** = increased utility for XRP and XRPL

* 🏦 **Issued under Japan’s new stablecoin laws**, ensuring legal clarity

* ⛓️ **Uses XRPL's native tokenization and decentralized exchange (DEX)**

* 🌐 Could pave the way for more central bank digital currencies (CBDCs) on XRPL

Ripple’s strategy in Asia is clearly working—and Japan just became a showcase for how **blockchain and banking can merge** without friction.

$XRP

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