Deep Tide TechFlow News, on November 30, according to FOX Business, sources revealed that Ripple is about to receive approval from the New York Department of Financial Services (NYDFS) to issue the stablecoin RLUSD, which is expected to officially launch on December 4, 2024. Currently, XRP's market capitalization has reached 99 billion USD, ranking it as the fifth largest cryptocurrency in the world. As an institution already licensed by NYDFS, Ripple will collaborate with payment service providers such as Bitstamp, Moonpay, and Uphold to launch this stablecoin.