🚨 Tomorrow, Ripple will launch its stablecoin #RLUSD 🚀 #XRP 🚀
Reports from Fox Business indicate that Ripple is on the verge of obtaining regulatory approval from the New York Department of Financial Services (NYDFS). According to the report published on Binance Square, sources suggest that NYDFS has already given the green light for the stablecoin. Once officially approved, Ripple plans to launch RLUSD on December 4, 2024.
Ripple’s increased focus on stablecoins highlights the need for efficient and secure digital payment solutions. The company’s strategic testing and anticipated regulatory approval could potentially boost the price of XRP.