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01/28 17:00

Ripple’s Stablecoin Near Approval, Launch Countdow

Ripple’s Stablecoin Near Approval, Launch Countdown Underway

Ripple’s stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar.
Ripple’s Game-Changing Stablecoin RLUSD Awaits Final Nod by Regulator
Ripple is reportedly close to securing approval for its regulated stablecoin, RLUSD, from the New York Department of Financial Services (NYDFS), according to sources cited by Fox Business.
If granted, the approval will enable Ripple to launch its stablecoin on Dec. 4, marking its entry into New York’s tightly regulated crypto market. This move would position Ripple as a competitor to established stablecoin issuers such as Circle, Paxos, and Gemini.
The crypto firm announced in April its plan to launch a stablecoin pegged to the U.S. dollar at a 1:1 ratio. According to the company, RLUSD will be .

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