Ripple is preparing to launch its RLUSD stablecoin on December 4, awaiting NYDFS approval to enter the strictly regulated New York market.

RLUSD will run on the XRP Ledger and compete with USDT/USDC by offering stability and liquidity for cross-border payments.

XRP's 230% surge in November strengthens Ripple's position amid investor optimism and the possible resignation of SEC chief Gensler.