2024-12-11 05:33:15

Urgent: Ripple's stablecoin receives regulatory approval

According to Ripple CEO Brad Garlinghouse, the company's stablecoin RLUSD has officially received approval from the New York Department of Financial Services (NYDFS).
This means that the dollar-linked token, which has been widely discussed, will be available on major exchanges in the near future.
Garlinghouse confirmed that the lists of partners and exchanges will be available "soon".
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As U.Today reported, the stablecoin was initially announced by Ripple in April.
The product became available for beta testing on the XRP Ledger and Ethereum in August with some of its corporate partners.
"Stay vigilant and report any impersonation or fraud," the company said on social media.
Earlier today, Bitwise expected stablecoin assets to double to $400 billion next year.
Brinchenstein predicted that the stablecoin market could grow to around $3 trillion within four years.
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