According to PANews, New York's top cryptocurrency regulatory authority is about to approve Ripple's new stablecoin RLUSD. Insiders say the New York Department of Financial Services has indicated it will approve the product.
Ripple plans to launch RLUSD on December 4. If approved, Ripple will be able to legally offer RLUSD to the public, becoming a major player in New York's regulated digital finance market and stablecoin ecosystem.
