According to Odaily Planet Daily, the US blockchain payment company Ripple Labs has stepped up testing of its stablecoin RLUSD. Ripple Stablecoin Tracker data shows that Ripple is conducting minting and transfer tests on the XRP Ledger protocol.
This is the first RLUSD test disclosed this month, and the latest minted XRP Ledger Index is 146, containing 9,999,700 RLUSD. Ripple Labs has been conducting RLUSD testing in an effort to join the rapidly growing stablecoin ecosystem.
According to FOX Business, the New York Department of Financial Services (NYDFS) is about to approve Ripple's RLUSD stablecoin, which is scheduled to be launched on December 4.
