🚨🚀 Ripple CEO Announces RLUSD Stablecoin Launch After Final NYDFS Approval
Ripple has secured final approval from the New York State Department of Financial Services (NYDFS) for its US-dollar-pegged stablecoin RLUSD, according to CEO Brad Garlinghouse. The coin is expected to be listed on major exchanges, including Binance, soon.
What This Means for the Crypto Market:
💰 Stability & Trust:
RLUSD will be fully backed 1:1 by the US dollar, offering a secure and reliable digital currency for global transactions.
⚡ Broader Use Cases:
The stablecoin will function on both the XRP Ledger and Ethereum Mainnet, ensuring fast and low-cost cross-border payments.
📊 Regulatory Clarity:
With NYDFS approval, Ripple reinforces its commitment to compliance, setting new standards for transparency and trust in the crypto space.
Stay Updated!
Ripple is expected to announce exchange listings and launch details soon. Follow Binance to be among the first to trade RLUSD!