Stablecoins grabbed headlines again.

Binance’s Exchange Reserves rose $3 billion in just two weeks, so new money is flowing into the market instead of investors cashing out.

At the same time, Asia is reshaping its role in crypto: China is exploring a yuan-backed stablecoin, while Japan is rolling out major changes that could redefine its digital asset landscape.

Here’s what you need to know.

Stablecoin surge brings fresh liquidity to Binance

Stablecoin flows often act as a window into market behavior, and Binance’s latest numbers showed a clear shift.

Over the past two weeks, ERC-20 stablecoin reserves on the exchange jumped from $32 billion to $35.5 billion, an increase of $3 billion. New capital entered the market, rather than investors cashing out.

Supporting this view, Bitcoin’s [BTC] Net Realized Profit and Loss (NRPL) remained muted, showing limited profit-taking activity.

Much of this liquidity was parked on Binance, waiting to re-enter crypto markets; a potential sign of investor confidence.

RLUSD heads to Japan!

In other news, Ripple is preparing to launch its U.S. dollar-backed stablecoin, RLUSD, in Japan by early 2026 through a partnership with SBI VC, a subsidiary of SBI Holdings.

The move follows SBI’s approval as the first firm in Japan to hold an Electronic Payment Instrument Exchange Service Provider license. Ripple has said that the rollout goes beyond technology, aiming to build a “trusted and compliant financial future.”

This launch will make stablecoins more reliable and convenient for Japanese users, thus expanding the market.

Asia steps up!

As the RLUSD launch gains heat in Japan, the country is preparing one of its boldest crypto reforms yet!

The Financial Services Agency (FSA) is proposing a shift to a flat 20% tax on digital assets — matching equities — and reclassifying crypto as financial products.

The changes could pave the way for crypto ETFs, giving institutions and retail investors a more regulated, accessible entry point.

For Japan, this move would ease tax burdens, drive adoption, and bring crypto closer to mainstream finance.

Adding momentum, China is also weighing a yuan-backed stablecoin to challenge the dominance of U.S. dollar-pegged tokens; so the Asian region is quietly positioning itself in the global digital currency race.