The New York Department of Financial Services has reportedly approved the launch of a new stablecoin product called RLUSD by Ripple, according to a recent report by FOX Business. The launch is expected to take place on December 4th. This comes after people familiar with the matter shared the news with BlockBeats news.

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<p>The post Ripple Gets Approval for Stablecoin Product Launch from DFNY first appeared on CoinBuzzFeed.</p>