According to BlockBeats, Ripple announced on social media on December 5 that the launch of RLUSD will not occur today, despite some speculation. The company is currently working closely with the New York Department of Financial Services (NYDFS) to finalize the approval process and will provide updates as soon as possible. Ripple emphasized its commitment to launching the product under the supervision of NYDFS while adhering to the highest regulatory standards.
Fox Business journalist Eleanor Terrett reported that two sources familiar with the process indicated that today was initially expected to be the launch date. However, some last-minute developments have led to a delay. Previously, it was reported that Ripple was on the verge of receiving approval from NYDFS to issue the stablecoin RLUSD, with an anticipated official launch date of December 4, 2024.