Ripple Labs has announced the launch of its much-anticipated stablecoin, RLUSD, for tomorrow, December 17, 2024. This comes following regulatory approval from the New York State Department of Financial Services (NYDFS) on December 10.
Following the launch, Ripple will now compete in the rapidly growing stablecoin market with a valuation of over $200 billion. According to a press release by the company, RLUSD will launch with "unmatched utility, experience, and compliance" in the global crypto market.
Moreover, Ripple noted that the coin would be initially accessible on several centralized exchanges like Uphold, CoinMena, Bitso, Moonpay, and Archax. Other exchanges include Bitstamp, Mercado Bitcoin, Bullish, Zero Hash, and Independent Reserve.
This news first appeared on 36crypto.com News
